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Quite rightfully annoyed. mat or their government officials and union leader -- >> they're not annoyed. they're in danger of losing everything they happen. >> almost all the big companies that went bust because of similar obligations they couldn't pay. this is the wow life goes. i guess i ask you now, if the got doesn't come in what it wrong with a bankruptcy procedure where at least some pensions are saved, to the not at 100 cents on the dollar. >> that's a commit we made to those worker -- >> neil: we made many commitments to many people we couldn't honor because we overpromised and undercom...

Extraordinariliry powers and he is supposed to be wise enough to restrain himself. he is using the power of government to investigate his enemies. he is tapping the phones of the press. >> reporter: meanwhile republicans want a joint committee of the house and senate to investigate the attack on the benghazi consulate and the evolution of the talking points that led to the u.n. ambassador saying that it grew out of a protest of an anti-islam movie. the president calls the lingering questions a sideshow with political motivations. some democrats think the republican's goal is to take former sec...

You're so iconic, you thought, as soon as you can walk and talk. >> the amazing thing for me is how long it took me to figure this out. because i was having all these experiences of being unable to get an apartment because landlords thought you couldn't pay, or if you could, you must be a prostitute. you know, i had great difficulty getting any kind of assignment that wasn't, you know, a ster stereotypically a feminist. and guys would get all the assignments. somehow, i didn't take it seriously until a couple things happened. one was welfare was a huge issue, as it has continued to be. and i w...

Shipped the jobs overseas and did not create more jobs. >> leslie knows what happened to the economy was largely the fault of the government by moneying around spreading success. barney frank said let's make sure everybody can buy a house even if they can't pay the money back. that helped create a bubble, the government holding interest rates down artificially. handing out money to people who couldn't pay it back. megyn: wall street was allowed to trade on a hughes of cards. >> a house of cards created by the government. if the government hadn't put its stamp of approval on those mortgages wal...

Bankruptcy is a tool to get out from under might also be an option for them. martha: maybe it will epthem get out from under exactly that. claudia, thanks very much. let's get everybody context on crisis happening in california. san bernardino is now the third city we said in that state to file for bankruptcy in less than a month. stockton was the first city to do so after they were unable to reach a deal with it the city's creditors. the ski town of mammoth lakes came crashing down on the 4th of july after they failed to make good on a $43 million judgement. bill: couldn't pay, huh? we're awa...