Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama. The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial […]
MI Governor Snyder Is Either An Inept Leader Or A Master Of The Machiavellian Arts By Picking Kevyn Orr Okay, I admit, I don’t have a business degree from Harvard, Yale or even Wharton Business School but I do know how to spot when someone is being set up as a fall guy or as […]
UBS, BofA, and JPMorgan Pocketed $474 Million As Detroit Descended Into Financial Chaos By LIBOR Rigging “Even in the worst of times someone turns a profit.” – Ferengi Rule of Acquisition #162 As the downtrodden African-Americans and whites who make up what’s left of the City of Detroit’s 700,000 resident are about to have their fundamental human […]
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