CHASE GIVES UP 70 PERCENT OF FRAUDULENT JEFFERSON COUNTY, ALA. DEBT IN BANKRUPTCY DEAL

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Joe O’Keefe of Fitch Ratings and Stephen Murphy of Standard and Poor’s pushed predatory $1.5 billion POC debt to UBS AG and SBS Financial on Detroit in 2005. Then Detroit CFO Sean Werdlow (l) was hired by SBS shortly thereafter. Then Deputy Mayor Anhony Adams is seen at right. Why hasn’t the City of Detroit sued UBS AG and SBS for THIS fraudulent deal?

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