Detailed text transcripts for TV channel - FOXNEWS - 20130722:14:14:00
Washington doesn't have any money to bail them out with. bill: you say if you are 50 cents on the dollar? >> possibly. bill: where did you get that percentage? >> these are how large the debts are. almost half of the debt of the city is at ain't l attributable to the pension liabilities they doesn't have the money to pay, bill. you just dot math. could you see as much as a 50% reduction. we don't know for sure, by the way the other people who are on the line here, are the people who own the bonds. they will take a big haircut or maybe a crew cut as well. a the lo of people think the municipal ...
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