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
Fightback Against The “FINANCIAL Advisory Board”
Not One Penny To The Banks Who Have Destroyed Detroit No To Lay-Offs, Wage Cuts, Elimination Of Human Services And Privatization On April 4th, the 44th anniversary of the assassination of Dr. Martin Luther King, […]
Public Debt & Public Debt Moratorium
Detroit’s Economic Crisis and the Role of the Banks: Part of a Global Crisis
Note: The following address was delivered at a public meeting organized by the Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shut-offs on the role of the banks in the financial ruin of the […]
Public Debt & Public Debt Moratorium
Say NO to EM Orr and Wall Street! – Thurs., June 6, 5:30pm
Demonstration Against EM Orr and the Banks Greater Grace Temple 23500 West Seven Mile at Telegraph, Detroit map Hotline: 313-744-7912 It appears that cowed by the threat of demonstrations exposing Detroit Emergency Manager Orr as […]
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.