Detailed text transcripts for TV channel - FOXNEWS - 20130724:20:36:00
In fact they can't pay their bills any longer. you cover companies every day. when company can't pay its bills it goes bankrupt. bankruptcy is not such a terrible option. it allows a company or in this case a city to hit the reboot button and started over again. why is this bad news for the unions? because they may be the big losers here because the big pensions, you get to rip up those contracts potentially and start renegotiating them all over again. >> stuart: do you think the dominos fall, detroit can abrogate union health care pension contracts, therefore, you think the model will be foll...
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