Detailed text transcripts for TV channel - FOXNEWS - 20130722:15:26:00
Would violate the state's constitution to use bankruptcy to try to reduce the pensions which are poise ily r -- supposedly guaranteed to the workers. the judge ruled in favor of the workers. the state is appealing. what do you think? is it legal to use bankruptcy to negotiate pensions? >> certainly. it has been used before. chapter 9 bankruptcy, patti ann, is not use ad lot but specifically designed in reference to municipalities government entities such as this. what happened on friday, the judge on friday was a state court judge i understand, before that ruling came in they filed a chapter 9...
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