1:15 p.m.

Up now for the objectors is Guy Neal representing national public finance guarantee corp., a municipal bond insurer:

Neal: “We have a strong overarching vital interest in this. As such as creditors and the public generally are entitled to a transparent and open process. Where is the disadvantage in this process in the full and open disclosure of those fees. This has never been done before and I don’t think there should be a precedent that the total cost of this facility should be sealed."

Now the city is rebutting the other closings.

1:35 p.m.

There was extended and complex argument by the city of Detroit attorneys and the Barclay’s attorneys regarding the secrecy issue. There was much discussion about the fact that this is a precedent setting and the judge is going to rule when he comes back at 2:30pm.


Read: Rod Meloni: Day 8 of Detroit's bankruptcy trial