Detailed text transcripts for TV channel - FOXNEWS - 20121206:12:19:00
Financial affairs are in the hands of a bankruptcy court judge. that judge says you get this and you don't get that. >> steve: that's what they don't like because suddenly they're going to have to be a little more responsible than they've been in the past. >> this all goes back to the municipal unions. they are due to be paid eformosa pensions, very high wages, big pensions. they simply cannot meet the promises that they've made to those retirees. that has to be sorted out. a bailout doesn't sort it out. a bankruptcy does. >> steve: bailout is just a bunch of bucks in their direction. >> i'm a...
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