Detailed text transcripts for TV channel - FOXNEWS - 20131004:03:31:00
Way bailout. essentially this is money that detroit would have be anyway. >> in what sense? money for what? >> money for different things. many cities are eligible for this. it just happened to be that detroit was going through red tape. >> part of the stimulus program or something like that for public works? >> correct. yeah. this money is allocated specifically though. >> so detroit was eligible for the money and they get the 300 million. but it is a democratic controlled city that is bankrupt. >> bankrupt because of mismanagement. >> are we confident the 300 million is going to be mismanage...