The City of Detroit financial documents pertaining to municipal bond contracts and related issues obtained by the Moratorium NOW! Coalition are now ready to the public at detroitdebtmoratorium.org or here at DetrotDebtDocs
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PUBLIC RALLY and PEOPLE’S ASSEMBLY TO SAVE DETROIT
MAKE THE BANKS PAY DETROIT FOR THE DESTRUCTION THEY CAUSED! Hear an analysis of how the banks swindled Detroit based on thousands of pages of documents on the bond deals obtained through a Freedom Of […]
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Public Debt & Public Debt Moratorium
We Shall Not Be Moved Rally – Jan. 2, 2012
We Shall Not Be Moved Rally Oppose the Emergency Manager! Repeal Public Act 4! Defend Democracy and the Right to Self-Determination! Make the Banks Pay! Monday January 2, 2012 5 PM Tabernacle Missionary Baptist Church […]
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How complex were these ‘credit default swaps’ from a interest rate stand-point? Was this a ‘kick-the-can-down-the-road’ transaction(s) because of looming termination or deadline payments the city could not meet, therefore settling for extremely high rates on bond payments?
Shawn Werdlow, former CFO -City of Detroit, now with the Bond and Securities firm Siebert Brandford Shank had to juggle these bonds continuously.