Detailed text transcripts for TV channel - FOXNEWS - 20130131:06:42:00
Salaries to employees at the time when there was money. secondly, there was... counc and i will a mayor who wanted to build great infracentral america and sold bonds -- lots of bonds at pretty high interest rates. there was no reserve. they didn't have a saving account to speak of. and of course, to put the cabosh on it was the collapse of the economy. and the housing market here. that is what really was the nail in our coffins. we don't want any other city in california or nationally to have to go through the angst and the heartbreak and all of that that do you when you have to go down this p...