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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“A MASSIVE NATIONWIDE CRIME SCENE” Banks Stealing People’s Homes Across The Country – April 10, 2013
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Public Debt & Public Debt Moratorium
EM Kevin Orr’s Invitation to creditors – faxed from Jones Day office in Cleveland
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Pack the Court for Angela Crocket – Monday, June 3, 9 AM
Support Angela Crockett in her jury trial against Fannie Mae and CitiMortgage 36th District Court, Room 432, Judge Patricia Jefferson 421 Madison Avenue, Detroit More info on Angela Crockett’s case: moratorium-mi.org/support-homeowner-angela-crockett-in-court/
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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.