Apr 152013
 

Posted on Voice of Detroit 09/27/2012 by Diane Bukowski

Marchers in downtown Detroit May 9, 2012 demand cancellation of Detroit’s debt to the banks. - See more at: http://voiceofdetroit.net/2012/09/27/detroit-dwsd-debt-shows-wall-street-never-loses-on-bad-swaps/#sthash.I3IL8ugM.dpuf

Marchers in downtown Detroit May 9, 2012 demand cancellation of Detroit’s debt to the banks. – See more at: http://voiceofdetroit.net/2012/09/27/detroit-dwsd-debt-shows-wall-street-never-loses-on-bad-swaps/#sthash.I3IL8ugM.dpuf

JPMorgan Chase & Co. (JPM), the third-largest muni-bond underwriter, stood to gain more than just its share of $7.8 million in fees by helping Detroit’s water and sewer (87962MF) unit issue new debt after the city staved off insolvency. – See more at: Voice of Detroit