Detroit’s Economic Crisis and the Role of the Banks: Part of a Global Crisis

Since late March the city of Detroit has been under a so-called “financial emergency” where right-wing multi-millionaire Gov. Rick Snyder designated Kevyn Orr, a bankers’ agent, to head this municipality in total contravention of the political will of people not only here but around the state. When the announcement of emergency management was made, the corporate media never bothered to mention that a large majority of people within Michigan had just voted against Proposal II which would have changed the constitution to ensure payments to the banks irrespective of the interests of the people of this area….more


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