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 Debt & Public Debt Moratorium
Protest outside Detroit Emergency Manager’s private meeting with City creditors – Friday, June 14, 2013, 9:00 a.m.
ANTI-EM DEMONSTRATION Protest outside Detroit Emergency Manager’s private meeting with City creditors FRIDAY, JUNE 14, 2013, 9:00 a.m. Westin Detroit Metropolitan Airport 2501 Worldgateway Place (at McNamara Terminal, next to Delta departures) Gather to car […]
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Foreclosures and Evictions
“Flip This House” — Detroit style — is not exactly what the A&E TV producers had in mind.
By John Minnis, Legal News In the Motor City, out-of-state real estate companies are buying up thousands of homes in foreclosure from lenders for as little as $1. The problem is that many of these […]
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Public Debt & Public Debt Moratorium
Bank of America and the Detroit Financial Crisis
State treasurer exposes the role of the banks in the economic meltdown By Abayomi Azikiwe Editor, Pan-African News Wire July 2, 2012 DETROIT—A series of corporate media reports indicate that if a legal challenge to […]
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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.