the cover of law as it were the kevyn orr is using to justify you know going after the pensions and these sort of things is the bankruptcy law and the bankruptcy law and federal bankruptcy laws required state bankruptcy laws require good faith negotiations on the part of both parties otherwise the judge can just come in and impose a judgment how can. how can if kevin or is operating unilaterally if he's operating you know behalf of the governor just saying here are the terms period take it or leave it how can that be called a good faith negotiation. i don't i don't think it can be called a good faith negotiations and i think actually with his freeze and then a stay on the freeze and then his statement to the regard saying. well i'm going to freeze the pensions i'm going to put a stay on that freeze would but basically to go she ations need to proceed the way i want them to proceed shows that these this is not a. process that it has any good faith in it you have emergency dictator who has all the power who is who is really accountable to no one except the governor of the state of michigan

he's of the federal bankruptcy judge there you have bond insurers fighting the emergency manager kevyn orr who's fighting the unions who's fighting the pension fund. bondholders it's like any bankruptcy proceeding except that municipal bankruptcy does not have a lot of established law so in many of these cases you're litigating this on sort of the first turn who's going to get preference in this and you are the structure. just been pretty pretty intense fight out there many of us are watching of course very closely we are all watching and it begs the question are there any lessons that we can draw from detroit's problems that apply to other municipalities in trouble. yeah the big one the big legal decision in the detroit case is that pensions can be cut. this is a ruling by a federal bankruptcy judge and in that really he says federal law is going to take precedent over the michigan constitution which protects those pigeons it's imbedded in michigan constitution so you have this legal tango between the rights of pensioners that are and trying to in their state constitution verses the. seve

he's of the federal bankruptcy judge there you have bond insurers fighting the emergency manager kevyn orr who's fighting the unions who's fighting the pension fund. bondholders it's like any bankruptcy proceeding except that municipal bankruptcy doesn't not have a lot of established law so in many of these cases you're litigating this on sort of the first turn who's going to get preference in this and you are the structure. just been pretty pretty intense fight out there many of us are watching of course very closely we are all watching and it begs the question are there any lessons that we can draw from detroit's problems that apply to other municipalities in trouble. yeah the big one the big legal decision in the detroit case is that pensions can be cut. this is a ruling by a federal bankruptcy judge and then that really he says federal law is going to take precedent over the michigan constitution which protects those pigeons it's embedded in michigan constitution so you have this legal tango between the rights of pensioners that are and trying to in their state constitution verses the.