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Who Conspired to Force Detroit Into Bankruptcy?

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English: Detroit Institute of the Arts

Detroit Institute of the Arts. Part of Detroit bankruptcy assets (Photo credit: Wikipedia)

Two weeks of testimony in the Detroit bankruptcy case have exposed the pre-meditated character of the July 18 decision by Emergency Manager Kevyn Orr to initiate the largest municipal bankruptcy proceeding in US history. The bankruptcy, which is being backed by the Obama administration, was not necessitated by financial imperatives. Instead it was a political decision—long in preparation—which was aimed at setting a precedent for the ripping up of the wages, pensions and benefits of city workers, and the selling off of public assets like the artwork of the Detroit Institute of Arts.

The evidence presented brought to light the extent to which, starting with its January 2011 inauguration, the administration of Michigan’s Republican governor, Rick Snyder, gathered around it a virtual shadow government of law firms, private consultants, investment bankers and top officials from both the Democratic and Republican parties. Their plan was to use the state’s anti-democratic emergency manager law to install an unelected financial dictator in Detroit who would use the bankruptcy courts to override every obstacle to the wholesale looting of the city by the big banks and corporations.

Below we post part one of the “Who’s Who” of the main players in the Detroit bankruptcy.

Emergency Manager Kevyn Orr (right) Governor Snyder appointed attorney Kevyn Orr emergency manager of Detroit on March 14, 2013.

Orr served as a partner at the international law firm Jones Day between 2000 and 2013, which provided more than 1,000 hours of consulting work for top Michigan state officials before being officially retained by the city as a “restructuring counsel.” Orr, who did not tender his resignation from Jones day until the day after his appointment as emergency manager, subsequently approved the city’s hiring of his former law firm.

Orr, a Democrat active in Obama’s 2012 re-election campaign, has significant experience in the use of bankruptcy law on behalf of his corporate clients to slash costs and dump their financial obligations to workers. Orr was one of a team of Jones Day attorneys who represented Chrysler in its 2009 bankruptcy and restructuring process. Reporting on this story, the Detroit News described Orr as “the lead attorney on convincing the court to allow Chrysler to abruptly close a quarter of its U.S. dealerships”—a move that led to the destruction of tens of thousands of jobs. According to Michigan.gov, Orr also has experience representing investment banks in bankruptcy related matters.

 Read the rest at http://www.globalresearch.ca/a-whos-who-of-the-conspirators-behind-the-detroit-bankruptcy/5357920

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Written by voiceoftruthusa

November 13, 2013 at 3:23 pm

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