"Emergency Manager Kevyn Orr and Federal Judge Steven Rhodes, in cahoots with the biggest banks, plan to make retirees and those who depend on us, city workers and residents pay for the bankers’ criminal actions – without which there would not be a financial crisis in Detroit.

Rhodes agreed April 11 to give $85 million to Bank of America and UBS after Detroit already paid $300 million. The Water Dept. paid another $527 million to settle with criminal bankers. These same banks are being sued by the Federal government for criminal banking practices. BofA’s top officer for municipal debt is now in jail!

Judge Rhodes attacked the unions and retirees for our public protests against their plan to victimize those who can least afford it. Under the Plan of Adjustment most bank debt will be repaid at 75-100 cents on the dollar."

Moratorium NOW! Coalition to Stop Foreclosures, Evictions, and Utility Shutoffs