Detailed text transcripts for TV channel - FOXNEWS - 20130817:16:24:00
Businessman. >> many new yorkers remember 1975 when the city almost went broke after president ford said no to a bail-out. since then, a state financial control board oversees the city budget. the editor of the chief, a newspaper for the city workers calls bloomberg's warning about a detroit style bankruptcy fear mongers. >> it's partly a scare tactic and it's partly about spin looking to deflect any blame for basically having abdicate ed his responsibilities as mayor to negotiate timely contracts with the unions. >> new york mayor bloomberg says all u.s. cities can learn a lesson from detroit...