Global Research
By Thomas Gaist
and Jerry White
28 November 2013
Two weeks of testimony in the Detroit bankruptcy case have exposed the premeditated 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 selling off of public assets like the masterpieces of the Detroit Institute of Arts.
The evidence presented in the testimony 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.
Part one of the “Who’s Who” of the main players in the Detroit bankruptcy included profiles of Emergency Manager Keyvn Orr, Michigan Governor Rick Snyder and former State Treasurer Andy Dillon. Part two profiled Snyder’s top political aide Richard Baird, US bankruptcy Judge Steven Rhodes and Detroit Mayor David Bing. The third and final installment describes the role of top trade union officials in the bankruptcy.
continue reading at: http://www.globalresearch.ca/detroit-the-conspirators-behind-the-largest-municipal-bankruptcy-proceeding-in-us-history
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