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Emergency Manager Outlines Scorched Earth Policy On Detroit Talk Show

AFRICANGLOBE - Appearing Sunday on the Detroit local news talk show “Flashpoint,” Detroit Emergency Manager Kevyn Orr outlined his plans to attack public employee pensions and sell off public assets, including the artwork of the Detroit Institute of Arts (DIA) to further enrich the big financial institutions and consulting firms involved in the bankruptcy case.

The Plan for Detroit: Fleece Working People to Save the Banks

The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the banks

Leaked Emails Reveal Conspiracy To Throw Detroit Into Bankruptcy

AFRICANGLOBE - Leaked emails show that as far back as January, there were backroom discussions being held between Detroit and Lansing public officials and corporate law firm Jones Day suggesting that the best course for Detroit would be to send it through Chapter 9 bankruptcy.

Bank-Engineered Bankruptcy Filed in Detroit to Rob City of Pensions and...

AFRICANGLOBE - Detroit filed for the largest municipal bankruptcy in U.S. history Thursday after steep population and tax base declines sent it tumbling toward insolvency.

Detroit’s Emergency Financial Manager Threatens Sale of All Cultural Treasures

AFRICANGLOBE - Detroit’s emergency financial manager has ordered the general valuing of every public asset in the city. In line with his earlier appraisal of the value of the works at the Detroit Institute of Arts.

The Detroit Crisis and the Municipal Bond Racket

AFRICANGLOBE - In justifying the takeover of Detroit by an unelected emergency manager, the political and media establishment have sought to blame the city’s debt crisis on the victims themselves, claiming that the residents of the poorest big city in America have been “living beyond their means” for decades.

Emergency Financial Manager Takes Over Detroit

AFRICANGLOBE - Kevyn Orr began the first day of his eighteen-month tenure as the state-appointed Emergency Financial Manager (EFM) of Detroit Monday, three days before the new emergency manager law goes into effect. Detroit is now the largest US city to be under the control of an unelected official with sweeping powers to gut public services and the wages and pensions of city workers.

A Financial Dictator for Detroit

AFRICANGLOBE - With the appointment of an emergency manager on Thursday, Detroit became the largest city in US history to be taken over by the state government. The new manager, bankruptcy lawyer Kevin Orr, will have vast powers and one essential task: to carry out a brutal assault on the jobs and living conditions of the mostly Black residents of Detroit.