Tag Archives: Judge Steven Rhodes

Detroit “Swaps” were Illegal; Now, What About All the Others Across the Country?

The Detroit Free Press reported on Tuesday, that in the City of Detroit bankruptcy case, a trial on the issue of whether Judge Steven Rhodes will authorize pre-bankruptcy interest rate swaps deals was suspended, when the judge ordered the City’s … Continue reading

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Puerto Rico Headed Toward Detroit-Style Genocide

Default and genocide loom over the Commonwealth of Puerto Rico. With its $70 billion in debt and inability to borrow money to fund its debt, the island has been left defenseless, the victim of what one local journalist characterized as … Continue reading

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Detroit School Board Resolution: Judge Rhodes’ Bankruptcy Ruling A “Witting Miscarriage of Justice”

A PDF of this resolution can be found here. The following resolution was passed unanimously Thursday night by the Detroit School Board: Resolution of the Detroit Board of Education Condemning the Bankruptcy Ruling and Urging Swift Congressional Passage of Glass … Continue reading

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Senate to Take Up Budget on Tuesday: Its Plan Leads to Genocide

The Senate will take up the murderous budget passed by the House last week, on Tuesday, Dec. 17, according to the schedule mandated by the filing of a cloture motion by Senate Majority Leader Harry Reid today. Senate Majority Whip … Continue reading

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Bill Roberts: Slashing Pensions is Treason

Slashing of Detroit Workers’ Pensions is Treason Against the Nation by Bill Roberts “This is worse than a violation: this is treason. That judge, whether he understands it or not, committed treason against the United States. Because he’s setting members … Continue reading

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“Moral Decay” in Detroit, Illinois Decision, Pensioners Robbed

Michigan and Illinois are among only seven states with clauses in their constitutions prohibiting cuts to public pensions. Yet by hook (Federal court in Detroit) and by crook (state legislature in Illinois), a ruling and a law last week ripped … Continue reading

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LaRouche: “If It’s War or Revolution That You Want, Then Go Along with This Fake Volcker Rule!”

In a manic burst of activity to try to stop the increased momentum for restoration of Franklin Roosevelt’s Glass-Steagall protections, Obama’s Treasury Secretary Jack Lew, formerly Chief Operating Officer for Citigroup, convened all five of the Dodd-Frank regulatory bodies today, … Continue reading

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Wall St. Genocide: Judge Rules To ‘Bail-In’ Detroit Workers’ Pensions

This Article Appears in the Dec. 13, 2013 EIR, reprinted with permission – WALL STREET GENOCIDE – – Judge Rules To ‘Bail-In’ Detroit Workers’ Pensions – by Nancy Spannaus The Dec. 3 ruling by U.S. Bankruptcy Judge Steven Rhodes, which … Continue reading

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After Detroit Bankruptcy Ruling, Pensions are Targeted for Slashing Nationwide

Judge Steven Rhodes’s Detroit bankruptcy ruling last week to commit genocide against retirees on behalf of Wall Street, signaled that the banking vultures are preparing to go after pensions around the country, even in those many states whose constitutions theoretically … Continue reading

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“Bail-in” Strikes Pensions in Detroit and Illinois

The Empire tried to further twist the “bail-in” knife into the heart of America yesterday. In Detroit, a Federal bankruptcy judge gave the go-ahead for the city to enter Chapter 9 bankruptcy and, explicitly, to eviscerate public sector retirees’ pensions, … Continue reading

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