High Stakes in Looming Detroit Legal Battle

Here is an excerpt that may or may not get pulled...

" Also Thursday, Orr signed an order authorizing an investigation of the city’s pension funds, including its investments and management. The investigation is expected to conclude in 60 days with a report from the auditor and inspector general. At that time, Orr will know whether he needs to remove the pension funds’ trustees and have state Treasurer Andy Dillon appoint a sole trustee. Orr told The News on Monday that he is might install a professional financial manager to oversee investments."

Wow...

Multiple Hints here..

* 1st, we will get the real numbers and look into who's running these things.
* Which makes you wonder, if Orr is sending a warning we think their is hanky-panky going on
* And again no BS numbers for this guy, these numbers will be the numbers and not political spin.
* And most important look, we may give you a new Trustee ( my guess is they won't like Andy Dillon)
* And we will hire a professional financial manager to oversee investments...

Imagine that, One professional firm, hmm, is Orr reading my post? A while back I said go with a low-load firm like Vanguard. No matter who he picks my guess is they will have gravitas and it won't be political hacks and lackies picking the investments.

Multiple Paradigm Shifts to right this sinking ship and running this by GAAP and FASB standards so that somepoint, maybe they can sell Bonds again...

Again I say, this is all gonna go over like a loud Fart in Church...

You should repost that over here for the usual “let it burn” crowd.

http://www.freerepublic.com/focus/f-chat/3033608/posts

Personally, I think “fixing” Detroit is a really good thing that could be a real feather in the GOP cap for the future. The reverend behind the Runaway Slave movie is speaking in Detroit this weekend with Americans for Prosperity and the Fredrick Douglas foundation. I really do think we’re making some inroads with blacks because of this sort of thing.

http://www.michronicleonline.com/index.php/community-original/12403-frederick-douglass-society-hosts-juneteenth-celebrations-race-to-economic-emancipation

You should repost that over here for the usual “let it burn” crowd.

I am not sure they want to listen. As someone who followed the Ford turnaround, discussing it with relatives in blue-states, they acted like could shive a git. When the funny part of it is, if their kids grow up to take Business-301, they prolly have to read about it, and maybe do a serious paper on it...

Again I am not sure they would want to hear the machinations of what it takes to fix something, or watch a Maestro in progress whether it is Orr or Mulally. These guys are not just good, they are the Wayne Gretzy of their arena's they come along once in a blue moon and you can't help but root for them to turn something around.

For those that are disinterested, I can't fix stupid, they can go turn on Dancing with the Vaguely Familiar.

Reading Reagan's nomination acceptance speech given in Detroit is an inspiration for Americans to do something to make America better.

I will not stand by and watch this great country destroy itself under mediocre leadership that drifts from one crisis to the next, eroding our national will and purpose. We have come together here because the American people deserve better from those to whom they entrust our nation's highest offices, and we stand united in our resolve to do something about it.

Address Accepting the Presidential Nomination at the Republican National Convention in Detroit July 17, 1980

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