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they say that Detroit is 13 billion dollars in debt (I don't believe it), but EVEN IF IT WERE TRUE, WHY IS THE TREASURY SPENDING $1.00 on every $1.00 for the purchase of bad MORTGAGE-BACKED SECURITIES????!!!!??!!!!!

THEY HAVE SPENT $500 BILLION DOLLARS on these securities in the first 9 months of 2013 (427% of the TOTAL supposed debt in each month!)

... On Saturday October 19, 2013 the Gray Panthers of Metro Detroit held a Meeting at the Royal Oak Community Center in Royal Oak, MI.

The featured speaker was Mr. Edward McNeil, Special Assistant to Michigan AFSCME Council 25 President, and Lead Negotiator for 33 of Detroit's 48 labor unions.

Mr. McNeil delivered a presentation called an “Update on the Financial Crisis in Detroit” and he presented many shocking facts about the City of Detroit’s “Bankruptcy”.

If interested, please click on the following links to video clips:

In Part 1 of 8 video clip, Mr. McNeil speaks about how the City of Detroit is NOT bankrupt at this point, how it is paying over $100 Million in consulting fees and advisory fees, about the plot to bust labor union contracts and to take over Detroit city assets; the creation of a Lighting Authority, Water Authority, and an upcoming Tunnel Authority; about Detroit City Airport, Belle Isle, Michigan Senate Bill 188, and more.  http://www.youtube.com/...

In Part 2 of 8, Mr. McNeil spoke about a Blue Cross Blue Shield (BCBS) Account Executive who sent an email offering the City of Detroit a 10% reduction on administrative fee and a $2 Million bribe for BCBS to be made "the only game in town".  Ed McNeil also speaks about two instances where Michigan former State Treasurer Andy Dillon held millions of dollars from Detroit City Council (DCC) until they did exactly what he wanted.  In one instance, Dillon wanted DCC to extend contract to Ernst & Young and in the second instance, Dillon wanted DCC to hire Miller & Canfield Law Firm. (These two instances amount to giving "No-Bid Contracts" to Dillon's choice companies.)  In addition, Mr. McNeil delivers other facts about the Detroit’s “Bankruptcy”.  http://www.youtube.com/...

In Part 3 of 8 video clip, Mr. McNeil speaks about the Detroit Emergency Manger, Kevyn D. Orr, and the extravagant invoices and/or bills from Jones Day and paid for with taxpayer money, Consultant Fee schedules, Lack of transparency, Billionaire Mike Ilitch owes taxes to the City of Detroit, Billionaire Dan Gilbert pays no taxes to Detroit, and how news media in Detroit is not reporting this news and much more.  http://www.youtube.com/...

In Part 4 of 8, Ed McNeil takes questions and comments from the audience.  http://www.youtube.com/...

In Part 5 of 8, Ed McNeil takes final questions from the audience.
http://www.youtube.com/...

In Part 6 of 8, Ed McNeil asks for help in the fight against Detroit's “Bankruptcy” including the "Protect Our Pension Action Day!".  
http://www.youtube.com/...

In Part 7 of 8, After his presentation, Mr. McNeil enjoys a casual meet & greet with members of Gray Panthers of Metro Detroit and he shares an opinion about Detroit's Deputy Emergency Manager, Gary Brown.  http://www.youtube.com/...

In Part 8 of 8, Mr. McNeil speaks about the importance of getting factual information, demanding transparency from people, and not depending on news media to deliver the facts.  http://www.youtube.com/...

Thank you for your time and consideration.

UPDATE:
 Here is link to Facebook photos (by Detroit Communicator) from - Surround the Federal Courthouse -- PROTECT OUR PENSION ACTION DAY! - Wednesday, October 23, 2013 – Detroit Federal Court, 231 West Lafayette Boulevard, in downtown Detroit, MI.

(The court trial begins today, 10/23/13, for the Judge render a City of Detroit “Bankruptcy” eligibility decision).

https://www.facebook.com/...

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SPECIAL BONUS PICTURE
they say that Detroit is 13 billion dollars in debt (I don't believe it), but EVEN IF IT WERE TRUE, WHY IS THE TREASURY SPENDING $1.00 on every $1.00 for the purchase of bad MORTGAGE-BACKED SECURITIES????!!!!??!!!!!

THEY HAVE SPENT 500 BILLION DOLLARS on these securities in the first 9 months of 2013 (427% of the TOTAL supposed debt in each month!)

and WHY are the banks getting paid before the pensioners?????

link to original image:

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