Detailed text transcripts for TV channel - FOXNEWS - 20110122:12:15:00
Difficult to be able to predict and. power a federal judge to order the state to do anything. as we know with chapter nine from municipalities a federal judge has a limited role. in addition, you have the problem that bankruptcy affects all your creditor relationships rather than that specific one that a state may have as the problem. so, rather than a shotgun, a rifle shot may be more effective. third, the stigma or cloud of a bankruptcy may affect the states in their ability to borrow at a cheap cost something they have prided themselves on and have worked hard to maintain which helps the ta...
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