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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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 […]
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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, […]
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“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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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.