BANK FRAUD

LIBOR, SIBOR, Currency Trading, Swaps, Mortgage

Jun 302014
 
Detroit's Emergency Manager Shuts Off Water for Thousands of Homes; Is Your City Next?

Interview with Tom Stephens, a lawyer, a lifelong metro Detroit resident and an activist by Joan Braunwasser of OpEdNews.com. My guest today is Thomas Stephens, a lawyer and lifelong metro Detroit resident. Welcome to OpEdNews, Tom. Joan: The Institute for Public Policy recently sent out an email blast about the situation in Detroit [June 26, […]

Jun 282014
 
Detroit and Iraq

By Margaret Kimberley, Black Agenda Report, June 25, 2014 The Race to the Bottom under global, militarized capitalism creates communities of shared misery. Increasingly, it is almost as dangerous to be inside U.S. borders as on the outside. “Iraq was invaded with soldiers, guns and bombs. Detroit was invaded by the corporate ‘suits’ who made […]

May 242014
 

By Jerry Goldberg, May 22, 2014 A new report documents how millions of people across the U.S. continue to suffer the effects of the housing crisis that began around 2005. Published in early May by the Haas Institute for a Fair and Inclusive Society at the University of California, Berkeley, the detailed study is entitled […]

 May 24, 2014  Posted by at 4:03 pm Uncategorized Tagged with: ,  No Responses »
Apr 052014
 

Lisa Hoffman, The National Law Journal, April 03, 2014 After throwing out a putative class action against Goldman Sachs twice before, a federal judge has switched gears on the mortgage securities suit brought by Detroit police and fire retirees and allowed it to proceed. The Police and Fire Retirement System of the City of Detroit […]

 April 5, 2014  Posted by at 2:32 am Uncategorized Tagged with: , ,  No Responses »
Mar 112014
 
Action to fight bankruptcy restructuring underway

By Abayomi Azikiwe, Pan-African Newswire This article appeared in the Michigan Citizen A standing-room-only audience at the Central United Methodist Church came out March 2 after a snow storm to participate in an emergency town hall meeting designed to respond to Detroit  Emergency Manager Kevyn Orr’s Plan of Adjustment. The event was planned by a […]

 March 11, 2014  Posted by at 2:55 am Uncategorized Tagged with: , , , ,  No Responses »
Mar 052014
 
Swaps, COPs & Lingering Questions

Good description of Certificates of Participation and other terms in the Detroit Bankruptcy. Curt Guyette, Investigative Reporter, ACLU of Michigan, February 5, 2014 In 2005, the city of Detroit faced a monumental dilemma: It desperately needed to borrow more than $1.4 billion to help shore up its two pension systems, but doing so would far […]

Mar 052014
 

Curt Guyette, Investigative Reporter, ACLU of Michigan, February 14, 2014 There’s an old adage that alludes to the futility of shutting barn doors once the horses have fled.  With that bit of folk wisdom in mind, it’s worth pointing out that there is a certain runaway horse aspect to the state of Michigan’s emergency manager […]

 March 5, 2014  Posted by at 4:55 am Uncategorized Tagged with: , ,  No Responses »