Detroit Decision: Federal Judge Rules In Favour Of Banks And Political Dictatorship, Fight Back Continues

By Abayomi Azikiwe of the Pan African Newswire: http://tinyurl.com/lygs4b3

“…The trial on the Barclays swap deal will begin on December 17. The Moratorium NOW! Coalition is calling for people to demonstrate again outside the federal court in opposition to the payoff of Bank of America and UBS, two financial institutions which played a significant role in the mortgage crisis that has plagued Detroit for years.

In a leaflet circulated outside the federal courthouse on December 3, the Moratorium NOW! Coalition stated that “Beginning on December 17 there will be a trial to determine if 20 percent of city income tax dollars will be pledged for six years after bankruptcy to make good on this gift to the banks. This trial will determine if Detroit is to remain permanently enslaved by the criminal banks.” http://moratorium-mi.org/

“…As one organizer said during the Dec. 3 rally outside federal court, “This ruling demonstrates the need for a fundamental restructuring of the political, legal and economic system inside the U.S. There is no justice for workers and oppressed people in the courts. Our only victory will come from the court of public opinion crafted in the streets in struggle against the bankers and the bosses.”

Walter Knall, 70, of Detroit, a 31-year employee of the Detroit Health Dept., protests July 26 in front of City Hall. (Clarence Tabb, Jr./The Detroit News)

Walter Knall, 70, of Detroit, a 31-year employee of the Detroit Health Dept., protests July 26 in front of City Hall. (Clarence Tabb, Jr./The Detroit News)

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