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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Uncategorized
Foreclosures, fraud & the big fight – Metro Times article
Rallied neighborhoods, picketed banks, blocked Dumpsters, packed courtrooms By Curt Guyette Two events held last week appeared only tangentially connected — at first glance, anyway. The first was a rally held by a coalition focused […]
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Foreclosures and Evictions
Pack the Pension Board Meeting, Nov. 15 – Support Paramount Homeowners
Thursday, November 15, 2012 8:45 AM Coleman A. Young Municipal Center 2 Woodward (at Jefferson), Detroit Pack the meeting of the Detroit Firefighters and Police Pension Board in support of Paramount homeowners who are facing […]
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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.