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
Foreclosures and Evictions
Detroit fiscal crisis made by banks
By Jerry Goldberg Detroit Published Jun 22, 2012 9:28 PM Recent events have exposed the brazenness of the banks in asserting their control over the city of Detroit’s finances, even if this means the destruction […]
Public Debt & Public Debt Moratorium
Emergency Meeting: Stop Union-Busting In Detroit
Stop Union-Busting In Detroit Defend City/DPS Workers’ Jobs! Support “BETTER Made” Workers Emergency Meeting Monday – July 9, 2012 – 7 P.M. 5920 Second Avenue, Detroit (at Antoinette St., just north of Wayne State University) […]
Uncategorized
The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind
By Michael, on February 24th, 2013 During the last housing crash, the big banks begged the federal government for help and they received it, but when average Americans ask the big banks for help most […]
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.