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
Public Debt & Public Debt Moratorium
Detroit financial crisis continues
By Abayomi Azikiwe July 18, 2012 Detroit — If a legal challenge to the so-called “Financial Stability Agreement” is not dropped by Detroit’s Law Department, the State Treasurer’s Office says it will withhold $28 million […]
Public Debt & Public Debt Moratorium
Report of the Detroit Financial Review Team to Governor Snyder, March 26, 2012
DATE: March 26, 2012 TO: Governor Snyder FROM: Detroit Financial Review Team: Andy Dillon, Frederick Headen, Jack Martin, Conrad Mallet, Jr., Isaiah McKinnon, Glenda D. Price, Irvin D. Reid, Doug Ringler, Shirley R. Stancato, Brom […]
Foreclosures and Evictions
An eviction is a form of terrorism
By Dianne Mathiowetz Atlanta Published May 10, 2012 9:56 PM “Nightmare on Wellhaun Road” is how 62-year-old Christine Frazer describes May 2 events, when dozens of DeKalb County sheriff’s deputies surrounded her home at 3 […]
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.