This article was first published at The McAlvany Intelligence Advisor on Friday, September 27th, 2013:
When Kevyn Orr was named Detroit’s interim financial manager by Michigan Governor Rick Snyder back in March, he was picked because he had experience in resurrecting other cities that found themselves in trouble. But it’s doubtful that Orr had any idea of the width, the breadth, and the depth of the corruption and deceit that awaited him when he began.
By June he had a better idea. In announcing that he was going to seek bankruptcy protection he said