With the emergency manager, Detroit is in a unique position to open a public bank. With emergency manger powers could Kevin Orr open a public bank of Detroit ? If the tax receipts for the city of Detroit were put in its own bank, I believe Detroit could lend money to pay for the city pensions at a ratio of 10:1 loans to deposits and then collect the interest.

This has worked well for North Dakota as the only state owned public bank http://www.motherjones.com/mojo/2009...vy-wall-street

See the new book about the public banking solution http://www.publicbanksolution.com/