FOXNEWSW Fox News Reporting August 20, 2012
at a city there's nothing we can't accomplish. >> fox news reports cities going broke. reporting from wall street in new york city here is bret baier. >> we are going to take you inside an alarming trend cities that are in debt we win with america's financial nerve center. the first reason is simple some of the nation's most desperate cities are in trouble because of the millions they borrow from wall street. we saw that in a city buried under decades of debt. >> you would think it would have been run by the keystone cops. >> what is the fiscal situation now? >> we are insolvent. >> ...