bankruptcy audio

Jan 282014
 
 Court nixes giveaway to banks

By Kris Hamel, January 27, 2014 Detroit — In what the corporate media have called a “stunning blow” to Wall Street, two of the biggest capitalist banks have been barred from making a deal that would take an additional $165 million from the people of Detroit. The ruling by a federal bankruptcy judge also prevents […]

Jan 172014
 
 Hear U.S. Bankruptcy Judge Steven Rhodes ruling rejecting swaps settlement

Hear U.S. Bankruptcy Judge reject the swaps settlement negotiated by Emergency Manager Kevin Orr and Jones Day on behalf of Bank of America merril Lynch and UBS. Or click here: 14Jan16 Rhodes decision 2bk2013-53846_1162014-20044-PM

Jan 172014
 
Attorney Jerome Goldberg summation in the swaps bankruptcy hearing, January 13, 2014

Listen to Attorney Jerome Goldberg, representing City of Detroit retiree David Sole, argue why the Emergency Manager’s sweetheart deal for Bank of America Merrill Lynch and UBS to terminate the pension-related swaps must be rejected, on January 13, 2013. Or click here: 14Jan13 Goldberg closing pm 2bk2013-53846_1132014-13031-PM

Jan 062014
 
Jerome Goldberg questions EM Kevyn Orr over giveaway to Bank of America, UBS, on Jan. 3, 2014

Attorney Jerome Goldberg, appearing on behalf of City of Detroit retiree David Sole, questions Emergency Manager Kevyn Orr regarding the interest rate swaps deal, viewed by many as another gift to the very banks that destroyed Detroit’s neighborhoods using subprime mortgages and that have been charged and convicted of fraud of all sorts. Or click […]