Posted 7 months ago on Aug. 28, 2013, 9:12 a.m. EST by shooz
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In the screw Detroit lottery!!
Yes this is what's being charged to "administer" Detroit's forced bankruptcy.
"In the rush to privatize America, nothing may symbolize the destruction of the notion of democracy and the public commons -- up until now -- as much as the takeover of Detroit by an "emergency manager," Kevyn Orr, appointed by Tea Party Michigan Governor Rick Snyder.
Detroit had long ago been abandoned by the auto companies that once made it among the most vibrant and economically energized cities in the United States. It's been declining in population at the same time predatory lenders are foreclosing on what remains of the depleted housing stock, that which hasn't fallen into rubble.
So it's a bit shocking to read on Michigan Live (mlive.com):
The [Detroit] News reported this week Ernst & Young is the highest-paid consultant, pulling in $6.6 million to analyze the city's cash flow. Emergency Manager Kevyn Orr's former law firm, Jones Day, has been paid $1 million, though the firm is already writing off billable expenses it won't collect from the city.
How high could the bill go? An expert quoted by the News estimated the total bill for bankruptcy-related fees will be far higher. Expenses could “easily” top $250 million, Jim McTevia of McTevia & Associates, a turnaround firm in Bingham Farms, told the News.
Here's the kicker: the judge overseeing the bankruptcy appointed a $600 an hour attorney, Robert M. Fishman, to "monitor" the city's bankruptcy fees."
That did that just say $600hr just to monitor?
Yes it did!
Meanwhile here's a list of foreign "concerns" that receive more aid.
Ain't libe(R)topia grand!
Teabaggge(R),Koch whore Snyder hates the blind too.
So he will keep them totally in the dark.