Detroit bankruptcy, Kevyn Orr's doubts discussed weeks before EM was hired, e-mails show
Source: Detroit Free Press
Weeks before a state financial review team found Detroit’s fiscal condition so dire that Gov. Rick Snyder would soon appoint an emergency manager, discussions behind the scenes indicated that an orderly Chapter 9 bankruptcy for the Motor City might be the best option, according to e-mails reviewed by the Free Press.
The e-mails — obtained by labor activist Robert Davis in an ongoing lawsuit against the Snyder administration over whether emergency manager Kevyn Orr’s appointment violated state open meetings laws — show that a top Snyder aide had approached Orr and his law firm, Jones Day, in January and were urging Orr to take the job.
The e-mails also show that Orr expressed reservations about becoming the emergency manager in Detroit under Public Act 436, the Michigan law the Legislature quickly enacted late in 2012 after state voters in November repealed the previous version, Public Act 4. Orr indicated the Legislature’s hasty approval of the replacement law could be considered an end-run around voters who had rejected it, the e-mails show.
Discussions with colleagues show that one Jones Day lawyer told Orr that bankruptcy in Detroit was likely, and preferable to the political fight that appointing an emergency manager would bring.
Read more: http://www.freep.com/article/20130722/NEWS01/307220086/Kevyn-Orr-Detroit-bankruptcy-emails
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must remember, synder the snake has a vested interest in making those black people/leaders in Detroit look as bad as possible because he is a vicious RWer with a racial agenda and because everyone knows, that any city run by white people/ leaders have never faced fiscal problems and/or corruption.
Manufacturing gone to parts known and unknown is the thing that cursed Detroit to fail not bad management or corruption, that last for the usual suspects that will climb out the woodwork.
