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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Time to show us the money (trail).

    By KG One, Section News
    Posted on Sun Sep 29, 2013 at 12:30:00 PM EST
    Tags: "Slick" Rick Snyder, Detroit, Bankruptcy, Kevyn Orr, NERD Fund, Jones Day, "Transparency", Good luck finding very much of that here, Usually not something you want to be blissfully explaining away when running for re-election, One term nerd (all tags)

    A few days ago, the story was brought up mentioning Slick Rick's "N.E.R.D." Fund paying the expenses of a certain EM, in a certain Democratic Stronghold.

    At the time, this didn't really make a whole lot of sense.

    Sure people make donations to charity all of the time.

    They usually do this for altruistic reasons.

    Sometimes they simply do it for good PR.

    But in Detroit this didn't make any sense whatsoever.

    There really wasn't anything to be gained from this action (especially doing it secretly)

    Until now that is.

    {Details after the fold}

    Today's Detroit Free Press printed a very eye-opening series of articles about the ongoing bankruptcy kerfuffle, and who is handling it.

    It isn't pretty.

    Pensioner's lives are facing potential hardships and/or ruin.

    Detroit is about $20-billion in the hole.

    City assets are on the auction block (literally).

    This is a very convoluted financial mess we're talking about here.  

    You are essentially responsible for cleaning up 60+ years of fiscal ineptitude.

    Ideally to get things done as quickly and painless as possible, you want to bring in people who are experienced at this.

    No argument there.

    The problem here is that, given that this is more or less a public restructuring, that things would be, I don't know, transparent.

    It's what the guv campaigned under.

    It's what Detroit's EM pledged when he took the job.

    Now we're finding out that isn't really happening.

    Some of the things that EM Orr is sidestepping is city policies of having it law department vet contracts and make disclosures on past practices.

    Some people may downplay this requirement as the Detroit City Government essentially being rendered moot under an EM. Speaking personally, a second set of eye looking something over never hurt. Especially when they were already being paid.

    But that's not all of what The Free Press has reported.

    Kevyn Orr's previous employer, Jones Day, was quietly given a contract extension.

    Originally they were contracted to be paid $3.3-million, now that's going up to about $18-million.

    Hmmmmm, interesting; "Hiring away" someone from a firm and paying him less money. Now that firm is looking at making at least a $15-million increase from its original contract.

    One last final thought, this one from Governor (elect) Rick Snyder himself:

    "Rick Snyder is the leader who can make government efficient and transparent. Rick Snyder's leadership in the private sector uniquely prepares him to lead the transformation of state government from bureaucracy into a 21 st century government that efficiently provides great services at a responsible cost and shows taxpayers results.

    Now would be a good time to put that promise into action.

    < State Representative Announcement - Phil Stinchcomb | Hail to the Banned Sippers >

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