etirees and would-be pensioners are not supposed to vote in their best interest and approve the “grand bargain,” as sources close to the process describe the outcome. But they have, effectively making the unions and pension funds de facto allies of Orr, Gov. Rick Snyder, Republican majorities in the state House and Senate and the city’s high-priced bankruptcy professionals in the effort to confirm Detroit’s restructuring plan and vanquish holdout creditors. From The Detroit News: detroitnews/article/20140715/METRO01/307150019#ixzz37XnOYZll
Posted on: Tue, 15 Jul 2014 13:37:29 +0000