By David McLaughlin, Bloomberg News, Jun 27, 2013 Bank of America Corp. and Wells Fargo & Co. (WFC) won’t face an enforcement action by state and federal officials over claims the banks violated a $25 billion mortgage-servicing settlement.
Jones Day Publications, November/December 2012
By Curt Guyette, Metro Times, Published: May 8, 2013 Back in the 1920s, some clever marketing guy first came up with the catchphrase “The gift that keeps on giving” to help sell phonographs. As we here at the Hits sat in a meeting Saturday, listening to an analysis of the credit swap deals that are […]
By T. Kelly The Michigan Citizen DETROIT—“We can find one banker and put that banker in jail!” With those comments, Rev. Ed Rowe, pastor at Central United Methodist Church, directed the focus of the May 4 People’s Assembly to Make Banks Pay Detroit for the Destruction They’ve Caused. Over 250 people heard Moratorium NOW! Coalition […]
By Sari Roth, March 13, 2013, MSNBC There’s a fierce fight waging in Detroit over a planned state takeover to help the city dig out from a staggering $14-billion debt. The city council pleaded with the state on Tuesday to reconsider Gov. Rick Snyder’s plan to appoint an emergency manager who would essentially take […]
By David Dayen, March 11, 2013, The National Memo March 11th, 2013 5:13 pm David Dayen This week, Michigan will attempt to finalize the assignment of an emergency financial manager for the troubled city of Detroit, essentially taking fiscal control from the duly elected city government. The new manager will have authority over a wide […]
Rallied neighborhoods, picketed banks, blocked Dumpsters, packed courtrooms By Curt Guyette Two events held last week appeared only tangentially connected — at first glance, anyway. The first was a rally held by a coalition focused on helping homeowners fend off foreclosure and eviction. The other was a press conference on the fifth floor of the […]
MORATORIUM NOW! COALITION TO STOP FORECLOSURES, EVICTIONS & UTILITY SHUT-OFFS 5920 SECOND AVE., DETROIT, MI 48202 313-680-5508 www.moratorium-mi.org FOR IMMEDIATE RELEASE – contact 313-680-5508 FOIA COMPLAINT FILED TO DEMAND COPIES OF ALL CITY OF DETROIT BONDS AND SWAPS WITH BANKS PRESS CONFERENCE TO ACCOMPANY SERVICE OF COMPLAINT THURSDAY, FEBRUARY 14, 2013, 11:30 AM , COLEMAN […]