May 312013

by Peter J. Henning, New York Times, Sept. 12, 2012 The conviction on Friday of three former UBS executives on conspiracy and wire fraud charges for rigging bids in the municipal bond market may serve as a template for how prosecutors can pursue cases in the manipulation of the London interbank offered rate, or Libor. […]

 May 31, 2013  Posted by at 3:58 am Uncategorized Tagged with: ,  No Responses »
May 312013

By Mark Binelli, NY Times, May 29, 2013 ONCE a year, business and political leaders from metropolitan Detroit travel to an island resort that bans all motorized vehicles and talk about the regional economy. For me, memories of childhood vacations at that resort, Mackinac Island — the ferry ride, the fudge shops, the horse-drawn carriages […]

 May 31, 2013  Posted by at 3:25 am Uncategorized Tagged with: , , ,  No Responses »
May 262013
Local governments’ fiscal distress worsened by state’s actions

By Mitch Bean, Bridge, May 22, 2013 CHOICES MATTER: For two decades, decisions at the State Capitol have consistently damaged the ability of local governments to raise the money necessary to make their communities attractive places to live, work and do business, argues Mitch Bean. I am concerned about what seems to be a significant […]

 May 26, 2013  Posted by at 3:37 am Uncategorized Tagged with:  No Responses »
May 242013

STRATEGY MEETING — MAKE THE BANKS PAY FOR DETROIT’S FINANCIAL CRISIS BUILD A MASS DEMONSTRATION WHEN EM ORR DELIVERS HIS PUBLIC REPORT Meeting Wednesday, May 29, 7:00 pm, Central United Methodist Church, 23 E. Adams, Detroit (at Grand Circus Park) Initiated by Moratorium Now! Coalition — All organizations and activists invited Call 313-680-5508 for more […]

 May 24, 2013  Posted by at 10:59 pm Uncategorized Tagged with: ,  No Responses »
May 232013

Moratorium NOW! Coalition’s response to Detroit Emergency Manager Kevyn Orr’s Financial and Operating Plan, issued on May 12, 2013 click here to download the statement Detroit Emergency Manager Kevyn Orr’s May 12, 2013 Financial and Operating Plan acknowledges that it is the massive debt service imposed on Detroit by the banks and financial institutions that […]

May 102013
People Demand Moratorium On Detroit Debt, Reparations, As Em Readies Attack

Posted on 05/09/2013 by Diane Bukowski, Voice of Detroit Hundreds rally May 4,  form coalition of activists from many sectors EM Kevyn Orr has other plans, to be outlined Mon. May 13 DETROIT – Organizers said May 4 that Detroit must mobilize immediately against the criminal global banks which have evicted 270,000 families, shut down […]

May 102013
Banging the banksters - The debt that keeps on taking

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 […]

May 102013

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 […]