Detailed text transcripts for TV channel - FOXNEWS - 20120711:14:35:00
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...
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