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
Strategy Meeting — Make Banks Pay for Detroit’s Fiscal Crisis., Wed., May 29, 7 PM
STRATEGY MEETING — MAKE THE BANKS PAY FOR DETROIT’S FINANCIAL CRISIS BUILD A MASS DEMONSTRATION WHEN EM ORR DELIVERS HIS PUBLIC REPORT Meeting Wednesday, May 29, 7:00 pm, Central United Methodist Church, 23 E. Adams, […]
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 […]
Uncategorized
Organizing Meeting – Make the Banks Pay for Detroit’s Financial Crisis, Mon., Jan. 28, 7 PM
The Banks Owe the City of Detroit Billions of Dollars for the Destruction of Our Neighborhoods CANCEL THE CITY’S DEBT — MAKE THE BANKS PAY,NOT THE WORKERS AND COMMUNITY No financial manager or “financial stability […]
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.