Bankers to gather in Detroit to plot asset-stripping - World Socialist Web Site
▻http://www.wsws.org/en/articles/2013/06/10/bank-j10.html
Bankers to gather in Detroit to plot asset-stripping
By Nancy Hanover
10 June 2013
On Friday, June 14, Detroit Emergency Manager Kevyn Orr will present a restructuring plan to city creditors, only days prior to a scheduled $39.7 million payout on the city’s swap agreements with the banks. Orr’s plan will put forward more specific details on his proposed destruction of city services, looting of assets and attacks on retiree health benefits.