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Octafish

(55,745 posts)
22. Zen Throat-Cutting in Detroit
Sat Aug 3, 2013, 03:35 PM
Aug 2013
When Capital comes to collect, laws don’t matter; even unjust laws are being broken to speed the process of stripping Detroit of its last “asset.” The question must now be raised: “At what point do you destroy a city to satisfy the creditors?”

by Tom Stephens
Black Agenda Report,

"Now look, I’m a trial attorney. I can cut somebody’s throat and leave them to bleed out in the gutter with the best of them. But I didn’t want to do that. That’s not my role in this job. My role in this job is sort of the zen of emergency management." -– Detroit Emergency Manager Fascist Kevyn Orr <1> (June 10, 2013) -- Emergency managers make unjust laws; they don’t follow them.

What laws, if any, do Michigan Governor Rick Snyder, the Jones Day law firm and Detroit Emergency Manager Kevyn Orr 2[2] think they are working under? The answer is apparently none. Not even the requirements of their own “emergency management” legislation, rammed through a compliant lame duck legislature without any democratic process at all – no hearings or amendments or debate allowed – in December 2012. This was their replacement for Snyder’s previous “dictator” statute, rejected by Michigan voters in November.

Because according to the terms of that bastard legislation, in February 2013 a state-appointed February Financial Review Team was supposedly studying Detroit’s financial crisis and making recommendations to the Governor. And they were meeting and claimed to be studying the situation, all right. But we now know that at that time in the background the Governor was secretly offering the job of Detroit Emergency Manager to Jones Day bankruptcy lawyer Kevyn Orr.

Meanwhile, and also in secret, Orr’s giant 2,400-lawyer corporate law firm was negotiating a lucrative contract for itself as Detroit’s “restructuring counsel.” The race to impose self-interested corporate “solutions” on Detroit was on.

SNIP...

Most recently, Orr held a heavily publicized meeting with Detroit’s creditors on June 14, 2013 at Metro Airport. He announced that he will screw workers and retirees, supposedly for the benefit of residents.


CONTINUED...

http://www.blackagendareport.com/content/zen-throat-cutting-detroit

Recommendations

0 members have recommended this reply (displayed in chronological order):

Are these the rotten banks ceonupe Aug 2013 #1
Banks deserve bashing. FED found $16 trillion to bail out the banksters, including foreign-owned. Octafish Aug 2013 #6
So that's why I advocate ceonupe Aug 2013 #8
What makes you the mstinamotorcity2 Aug 2013 #27
no just giving my 2cents ceonupe Aug 2013 #28
more like mstinamotorcity2 Aug 2013 #35
They are coming for everything. Not just every last nickel and dime, but DirkGently Aug 2013 #2
When a bank goes belly up, the regulators come and take everything. Igel Aug 2013 #3
No. Stripping pensions in this context means de-prioritizing a debt DirkGently Aug 2013 #5
There is another article today that says the pensions are 90% funded. nt Mojorabbit Aug 2013 #26
detroit's pensions are 90% funded, according to a recent report. so you're wrong. HiPointDem Aug 2013 #30
Disaster Capitalism, Chicago-style Octafish Aug 2013 #7
It's far more radical then anything supposed "socialists" are seeking. DirkGently Aug 2013 #14
It's like witnessing a bank robbery and running to the police station to report it... Octafish Aug 2013 #15
No, this is going to take massive, sustained public pressure. DirkGently Aug 2013 #24
But they'll get a new hockey arena & billionaire Mike Ilitch gets an entertainment district Catherina Aug 2013 #4
On Vultures and Red Wings: Billionaire Gets New Sports Arena in Bankrupt Detroit Octafish Aug 2013 #9
To a man who wasn't even paying the taxes! Catherina Aug 2013 #10
Incredible story! NOTHING about that in the local media. Octafish Aug 2013 #13
Thank you Octafish! n/t Catherina Aug 2013 #20
whoa. nashville_brook Aug 2013 #16
Well there's a few debts to be pursued in the bankruptcy. DirkGently Aug 2013 #25
catherina, i made an op from your post here: HiPointDem Aug 2013 #31
I'm grateful you did. I'm sure there's much more of that out there Catherina Aug 2013 #33
Ilitch is the Murderer of Tiger Stadium. navarth Aug 2013 #21
It goes much deeper than what is happening now mick063 Aug 2013 #11
Zen Throat-Cutting in Detroit Octafish Aug 2013 #22
Pillaging for modern times suffragette Aug 2013 #12
If Detroit's re-org goes well Bunnahabhain Aug 2013 #17
Yes mick063 Aug 2013 #19
We will see what happens Bunnahabhain Aug 2013 #23
There are many black hats & few white ones. Detroit was deliberately destroyed. And now it's HiPointDem Aug 2013 #32
Are for real? Bunnahabhain Aug 2013 #34
Detroit's median household income is now LESS THAN HALF what it was in 1970 Catherina Aug 2013 #18
Kicked and recommended. Uncle Joe Aug 2013 #29
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