declare bankruptcy and word when it comes to figuring out who to pay back, the unions will come before the people. stuart varney is incensed that this is the way it is going? >> i am. who gets paid off. the people who lent money to stockton, california in good faith or the unions which got the mon yepaying out pensions. who gets the money? the unions get the money. what moral does that say? it tells people watch out, you lend money to the california towns and cities, you may not get it back if they are in dire straits and go bankrupt. >> steve: you hear if you invest in municipal bonds they are boring but safe but apparently not. >> what you thought wasly safe bond and get your money back