swaps

Apr 172013
 

By Liam Vaughan, Bloomberg News,Apr.15, 2013 Banks are leaving the panel that sets ISDAFix, the benchmark for the $379 trillion swaps market, as regulators probe suspected manipulation of the rate. HSBC Holdings Plc (HSBA), Europe’s largest bank by assets, and Japan’s Mizuho Financial Group (8411) stopped contributing to the ISDAFix dollar rate between November and […]

 April 17, 2013  Posted by at 11:14 pm Uncategorized Tagged with: , ,  No Responses »
Apr 152013
 
Detroit DWSD Debt Shows Wall Street Never Loses On Bad Swaps

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

Mar 302013
 
LIBOR: Viewing the biggest financial crime in world history from California

The importance of uncovering the complete truth about the LIBOR rigging conspiracy cannot be overstated for local communities across the United States, especially here in California. It’s been five years since a few academics and journalists began to dig up evidence that something was wrong with the London Inter-Bank Offered Rate, or LIBOR (pronounced appropriately […]

 March 30, 2013  Posted by at 3:06 am Uncategorized Tagged with: , ,  No Responses »
Mar 112013
 

Demand a Halt to the Payment of Debt-Service to the Banks! Build United Mass Actions to Render Emergency Management Ungovernable! Attend the Moratorium NOW! Coalition Meeting Every Monday at 7:00pm Location: 5920 Second Ave. at Antoinette near Wayne State University Contact: 313-680-5508 or 671-3715 Gov. Rick Snyder’s announcement on March 1 that the City of […]

Feb 182013
 
Detroit activists use lawsuit to demand: ‘Show us the debt!’

By Abayomi Azikiwe on February 14, 2013 Detroit,  Feb. 14 — A Freedom of Information Act lawsuit was filed today on behalf of David Sole, a retired City of Detroit employee and a co-founder of the Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shutoffs. The suit was filed because the City’s Law Department […]

 February 18, 2013  Posted by at 4:39 am Uncategorized Tagged with: , , , ,  No Responses »
Feb 142013
 

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 […]