INTERNATIONAL PEOPLE’S ASSEMBLY AGAINST BANKS, AUSTERITY SAT. OCT. 5 AND SUN. OCT. 6 IN DOWNTOWN DETROIT

Former city worker Derek Grigsby and his family demand cancellation of Detroit debt to the banks. Photo: Derek Grigsby Facebook

Former city worker Derek Grigsby and his family demand cancellation of Detroit debt to the banks. Photo: Derek Grigsby Facebook

IPAThe International Peoples Assembly against the Banks and Against Austerity will convene Saturday and Sunday, October 5 and 5, at Grand Circus Park in Detroit, at Woodward and Adams.  The Assembly will convene Saturday at 11:00 am, continue to 9:00 pm, and reconvene Sunday morning. 

The People’s Assembly will target the role of the major banks in creating the financial crisis in Detroit, placing 73% of Detroiters in sub-prime predatory mortgage loans that led to over 100,000 foreclosures and destroyed Detroit’s communities and tax base. 

These same banks then placed the city into predatory loans, such as the interest rate swaps which have cost the city over hundreds of millions dollars already, and will net them hundreds of millions of more if Orr and Snyder have their way. 

PREDATORY $1.5 BILLION PENSION OBLIGATION CERTIFICATES (POC) LOAN FROM UBS AND SIEBERT, BRANDFORD & SHANK PRESSED AT CITY COUNCIL JAN. 31, 2005 BY (l to r) DETROIT CFO SEAN WERDLOW, JOE O'KEEFE OF FITCH RATINGS, STEPHEN MURPHY OF STANDARD AND POOR'S, DEPUTY MAYOR ANTHONY ADAMS. WERDLOW GOT A TOB JOB WITH SIEBERT IN NOV. 2005 AND WAS THERE WHEN LOAN WAS RENEGOTIATED FOR 30 YRS. IN 2006. UBS AG PAID A $1.5 BILLION FINE FOR FRAUD TO USDOJ, S & P IS BEING SUED FOR $5 BILLION BY U.S.; UBS, RATINGS AGENCIES SUBJECT OF CRIMINAL AND CIVIL ACTIONS ACROSS THE WORLD. Photo: DIANE BUKOWSKI

PREDATORY $1.5 BILLION PENSION OBLIGATION CERTIFICATES (POC) LOAN FROM UBS AND SIEBERT, BRANDFORD & SHANK PRESSED AT CITY COUNCIL JAN. 31, 2005 BY (l to r) DETROIT CFO SEAN WERDLOW, JOE O’KEEFE OF FITCH RATINGS, STEPHEN MURPHY OF STANDARD AND POOR’S, DEPUTY MAYOR ANTHONY ADAMS. WERDLOW GOT A TOB JOB WITH SIEBERT IN NOV. 2005 AND WAS THERE WHEN LOAN WAS RENEGOTIATED FOR 30 YRS. IN 2006. UBS AG PAID A $1.5 BILLION FINE FOR FRAUD TO USDOJ, S & P IS BEING SUED FOR $5 BILLION BY U.S.; UBS, RATINGS AGENCIES SUBJECT OF CRIMINAL AND CIVIL ACTIONS ACROSS THE WORLD. Photo: DIANE BUKOWSKI

Banks like UBS and Bank of America have had their executives prosecuted and even jailed in the case of UBS for municipal bond fraud.  They have been subject to countless judgments for predatory mortgage lending.  They have been investigated for LIBOR manipulation and municipal bond rigging.  Yet, despite being paid $62 million from Detroit taxpayer dollars, Orr, Jones Day, and the other “consultants” have refused to investigate the role of the banks in Detroit’s crisis.  

Statements from France, Brazil, the Philippines Spain and many other countries, as well as speakers from across the U.S. will be introduced at the International Peoples Assembly.  Their message is that Detroit is not alone.  The working class across the globe, fighting similar austerity imposed by the world banks, stands in solidarity Detroit’s pensioners, workers and residents. 

For more information and to view the International Peoples Assembly program visit www.internationalpeoplesassembly.org. or call 313-319-0870

City retirees protest outside bankruptcy hearing Aug. 19, 2013

City retirees protest outside bankruptcy hearing Aug. 19, 2013

 To download program, click on PROGRAM FOR THE INTERNATIONAL PEOPLE’S ASSEMBLY 

SELECTED RELATED ARTICLES FROM VOICE OF DETROIT, IN REVERSE CHRONOLOGICAL ORDER BACK TO OCT. 2011; MORE BEFORE THAT 

http://voiceofdetroit.net/2013/09/28/nan-to-protest-detroit-bankruptcy-filing-tues-oct-15-10-am-fights-police-brutality-in-ohio/

http://voiceofdetroit.net/2013/09/26/protest-at-obama-administration-meeting-with-snyder-and-orr-fri-sept-27/

http://voiceofdetroit.net/2013/09/23/detroit-retirees-residents-committee-blast-bankruptcy-filing-at-court-hearings/

http://voiceofdetroit.net/2013/09/17/official-retirees-committee-in-detroit-bankruptcy-blasts-em-orr-gov-snyder-asks-for-stay-pending-higher-court-ruling-what-will-judge-rhodes-do-sept-19/

http://voiceofdetroit.net/2013/09/11/dennis-archer-former-consultant-to-detroit-lender-ubs-ag-meets-with-top-obama-aides-execs/

http://voiceofdetroit.net/2013/09/02/save-our-schools-save-detroits-oakman-and-school-of-the-arts/

http://voiceofdetroit.net/2013/08/27/secrecy-of-detroit-bankruptcy-docs-release-of-casino-taxes-swaps-retirees-committee-at-issue/

http://voiceofdetroit.net/2013/08/20/detroit-bankruptcy-objections-raise-possible-bank-crimes-related-to-poc-debt-and-casino-tax-deal-hundreds-protest-banks-in-downtown-detroit/

http://voiceofdetroit.net/2013/08/20/detroit-schools-set-to-pay-hefty-rates-on-92-million-bond-due-to-city-bankruptcy-filing/

http://voiceofdetroit.net/2013/08/16/no-banker-left-behind-in-detroit-bankruptcy-case/

http://voiceofdetroit.net/2013/08/14/swaps-probe-finds-banks-including-detroit-creditors-rigged-rate-at-expense-of-retirees/

http://voiceofdetroit.net/2013/08/12/rush-to-detroit-bankruptcy-judge-sides-with-em-orr-aug-2-approves-retirees-committee-prematurely-sets-breakneck-deadlines/

http://voiceofdetroit.net/2013/08/10/baxter-jones-disabled-in-accident-loses-case-to-avoid-eviction-from-dream-home/

http://voiceofdetroit.net/2013/08/07/em-kevyn-orr-defames-detroiters-and-detroit-community-leaders-react/

http://voiceofdetroit.net/2013/08/05/no-to-duggan-napoleon-and-other-gangsta-politicians-take-it-to-the-streets-to-save-detroit/

http://voiceofdetroit.net/2013/07/29/war-retirees-workers-residents-v-wall-street-in-detroit-bankruptcy-judge-throws-out-state-claims/

http://voiceofdetroit.net/2013/07/23/detroit-bankruptcy-snyder-orr-want-retirees-suits-dumped-while-creditor-ubs-announces-high-profits-hearing-wed-july-24-10-a-m-judge-rhodes/

http://voiceofdetroit.net/2013/07/21/orr-jones-day-aim-bankruptcy-gun-at-detroit-retirees-let-wall-street-off-hearing-mon-july-22-9am/

http://voiceofdetroit.net/2013/07/07/july-4-protest-demands-independence-for-detroit-other-cities-and-schools-eviction-of-kevyn-orr/

http://voiceofdetroit.net/2013/07/06/orrs-phony-victory-on-casino-taxes-and-u-s-bank-na/

http://voiceofdetroit.net/2013/07/03/sign-petition-to-request-us-doj-fraud-investigation-of-ubs-re-predatory-1-5-billion-detroit-loan/

http://voiceofdetroit.net/2013/07/01/deutsche-banks-servicers-to-pay-for-los-angeles-10-million-accord/

http://voiceofdetroit.net/2013/07/01/while-detroit-em-orr-attacks-pension-board-travel-consultant-milliman-inc-luxuriates-in-dubai-at-worlds-most-expensive-hotel/

http://voiceofdetroit.net/2013/06/20/em-orrs-plan-for-detroit-phony-debt-moratorium-theft-of-city-assets-including-water-belle-isle-pensions/

http://voiceofdetroit.net/2013/06/13/tell-orr-detroit-creditors-stop-debt-service-to-banks-rally-fri-june-14-9-a-m/

http://voiceofdetroit.net/2013/06/09/people-rise-up-against-em-kevyn-orr-and-bank-takeover-of-detroit/

http://voiceofdetroit.net/2013/06/08/jpmorgan-chase-faces-full-court-press-of-federal-investigations/

http://voiceofdetroit.net/2013/05/26/boycott-detroits-belle-isle-grand-prix-and-its-bankster-sponsors/

http://voiceofdetroit.net/2013/05/24/why-are-the-feds-destroying-our-hoods-feds-cancel-appearance-at-detroit-hearing/

http://voiceofdetroit.net/2013/05/16/detroit-em-orrs-report-envisions-a-nightmare-future/

http://voiceofdetroit.net/2013/05/11/detroit-fast-food-workers-strike-demand-15hr/

http://voiceofdetroit.net/2013/05/02/make-the-banks-pay-detroit-rally-sat-may-4-2013-1-pm/

http://voiceofdetroit.net/2013/04/20/detroit-city-council-grovels-to-power-inflicts-further-harm-on-city/

http://voiceofdetroit.net/2013/04/18/detroit-city-council-says-yes-to-banks-in-jones-day-vote-people-say-no/

http://voiceofdetroit.net/2013/04/14/is-jones-day-sh-t-or-shinola-detroiters-blast-bankers-takeover-council-to-vote-april-16/

http://voiceofdetroit.net/2013/04/08/costly-jones-day-em-contract-faces-council-vote-tues-apr-9-come-at-9-am/

http://voiceofdetroit.net/2013/04/08/only-wall-street-wins-in-detroit-crisis-reaping-474-million-fee/

http://voiceofdetroit.net/2013/04/08/reek-general-strike-battled-imf-austerity-measures-em-to-bring-same-to-detroit/

http://voiceofdetroit.net/2013/04/02/better-exiled-than-captive-in-the-promised-land/

http://voiceofdetroit.net/2013/04/01/afscme-local-457-called-for-moratorium-on-debt-to-banks-in-1992/

http://voiceofdetroit.net/2013/03/31/detroit-council-to-vote-on-jones-day-contract-firm-represents-criminal-banks-holding-citys-debt/

http://voiceofdetroit.net/2013/03/27/throw-out-detroits-em-power-to-the-people-not-the-banks/

http://voiceofdetroit.net/2013/03/27/detroiters-march-in-cleveland-tell-jones-day-and-banks-get-out/

http://voiceofdetroit.net/2013/03/26/vampire-capitalism-comes-to-detroit-mi-and-dekalb-county-ga/

http://voiceofdetroit.net/2013/03/24/from-detroit-to-cyprus-banksters-in-search-of-prey/

http://voiceofdetroit.net/2013/03/20/banks-behind-detroit-emergency-manager-takeover/

http://voiceofdetroit.net/2013/03/19/wall-street-v-woodward-ave-will-detroit-em-address-predatory-interest-rate-swaps/

http://voiceofdetroit.net/2013/03/17/detroit-efms-law-firm-advises-worlds-biggest-crooks-including-libor-banks/

http://voiceofdetroit.net/2013/03/12/grand-theft-of-detroits-water-dept-imminent-water-board-mtg-wed-march-13-2pm/

http://voiceofdetroit.net/2013/03/09/war-declared-on-black-detroit-next-protest-sun-march-10-12-noon-dte/

http://voiceofdetroit.net/2013/03/05/say-no-to-snyder-and-detroit-efm-mass-rally-wed-march-6-4-pm-caymc/

http://voiceofdetroit.net/2013/02/27/detroit-financial-review-a-wall-street-takeover-black-cities-must-fight-back-by-any-means-necessary/

http://voiceofdetroit.net/2013/02/27/detroit-financial-review-team-represents-global-banksters/

http://voiceofdetroit.net/2013/02/24/u-s-banks-scrutinized-in-libor-scandal-probe/

http://voiceofdetroit.net/2013/02/19/stop-government-foreclosures-of-our-homes-hurricane-fannie-freddie-pack-hearing-wed-feb-20-2pm-u-s-judge-nancy-edmunds/

http://voiceofdetroit.net/2013/02/17/group-sues-for-detroits-debt-documents-state-review-team-leaks-negative-findings/

http://voiceofdetroit.net/2013/02/06/usdoj-slams-standard-poors-with-5-billion-fraud-lawsuit/

http://voiceofdetroit.net/2013/01/22/workers-youths-including-gm-colombian-hunger-striker-besiege-2013-detroit-auto-show/

http://voiceofdetroit.net/2013/01/18/the-gang-rape-of-detroit/

http://voiceofdetroit.net/2013/01/14/banks-bailed-out-people-sold-out-in-u-s-settlements/

http://voiceofdetroit.net/2012/12/28/detroit-city-council-6-collaborators-in-war-on-people/

http://voiceofdetroit.net/2012/12/23/councils-craven-cave-in-brings-new-assault-on-detroit-state-declares-new-financial-review/

http://voiceofdetroit.net/2012/12/19/ubs-admits-fraud-in-1-5-billion-libor-rigging-settlement/

http://voiceofdetroit.net/2012/12/10/state-blitzkriegs-detroit-to-get-deal-with-wall-street-will-council-stand-up-at-meeting-dec-11/

http://voiceofdetroit.net/2012/12/03/wall-street-state-intensify-attacks-on-detroit-mayor-says-people-not-entitled-to-jobs-to-appear-at-council-tues-dec-4-10-a-m/

http://voiceofdetroit.net/2012/11/25/detroiters-storm-council-nov-20-to-stop-takeovers-bing-plots-to-reconsider-contracts-mon-nov-26-1-p-m/

http://voiceofdetroit.net/2012/11/19/detroiters-outraged-over-top-council-members-complicity-in-ema-water-dept-takeover-hearings-tues-nov-20/

http://voiceofdetroit.net/2012/11/15/detroiters-demand-fab-step-down-in-wake-of-pa4-repeal-make-banks-bleed/

http://voiceofdetroit.net/2012/11/11/michigan-dictator-law-pa-4-goes-down-detroiters-ecstatic/

http://voiceofdetroit.net/2012/10/25/u-s-sues-bank-of-america-for-brazen-mortgage-fraud/

http://voiceofdetroit.net/2012/09/27/detroit-dwsd-debt-shows-wall-street-never-loses-on-bad-swaps/

http://voiceofdetroit.net/2012/09/26/spain-protesters-storm-parliament-to-stop-banks-austerity-measures/

http://voiceofdetroit.net/2012/09/04/dps-advocates-tell-obama-stop-destruction-of-public-education/

http://voiceofdetroit.net/2012/08/26/naacp-wells-fargo-and-the-road-less-traveled/

http://voiceofdetroit.net/2012/08/13/detroiters-fight-snyderbing-banks-to-end-pa4-consent-agreement-save-city/

http://voiceofdetroit.net/2012/08/06/pa-4-on-ballot-organizers-plan-battle-on-two-fronts-to-strike-it-down/

http://voiceofdetroit.net/2012/07/23/detroit-cut-2-billion-pension-bond-deal-with-ubs-one-of-banks-sued-by-baltimore-others-in-libor-scandal/

http://voiceofdetroit.net/2012/07/20/libor-scandal-could-turn-ugly-as-cities-begin-to-sue-banks/

http://voiceofdetroit.net/2012/07/18/war-on-city-workers-wrong-dirty-and-low-down/

http://voiceofdetroit.net/2012/07/12/fannie-mae-stop-eviction-of-jennifer-britt-let-her-pay-actual-value-of-home/

http://voiceofdetroit.net/2012/07/11/spanish-miners-people-rise-up-against-banks-austerity-measures/

http://voiceofdetroit.net/2012/07/07/crittendon-intervenors-fight-dictatorship-of-banks/

http://voiceofdetroit.net/2012/07/03/banks-profit-from-drug-running-as-cities-destroyed-link-to-fast-and-furious/

http://voiceofdetroit.net/2012/06/14/fitch-downgrades-detroit-over-bond-payment-worries/

http://voiceofdetroit.net/2012/05/14/no-consent-not-one-cent-cancel-the-debt-detroiters-say-on-boa-day/

http://voiceofdetroit.net/2012/05/07/investors-fret-after-greek-french-elections-u-s-jobs-report/

http://voiceofdetroit.net/2012/04/09/banks-state-take-control-of-detroit-council-assassinates-city-in-5-4-consent-vote/

http://voiceofdetroit.net/2012/03/24/no-consent-agreement-or-em-make-the-banks-pay/

http://voiceofdetroit.net/2012/03/24/detroit-faces-racist-takeover-engineered-by-wall-street/

http://voiceofdetroit.net/2012/01/31/garretts-occupy-detroit-moratorium-now-bamn-stop-eviction/

http://voiceofdetroit.net/2012/01/06/stop-state-takeover-of-detroit/

http://voiceofdetroit.net/2011/12/28/snyder-dillon-ignore-banks-escalate-pa-4-war-on-detroit/

http://voiceofdetroit.net/2011/11/30/bloomberg-news-reveals-fed-reserve-kept-7-77-trillion-in-loans-to-banks-secret/

http://voiceofdetroit.net/2011/11/23/banks-financing-drug-cartels-admitted-in-wells-fargo-deal/

http://voiceofdetroit.net/2011/11/21/city%e2%80%99s-top-criminals-ernst-young-cook-the-books/

http://voiceofdetroit.net/2011/10/09/michigan-budget-70-billion-to-the-banks-1-billion-tax-cut-for-corporations/

 


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