Detailed text transcripts for TV channel - FOXNEWS - 20130401:16:09:00
Their own option. during a three-day hearing in federal court last week bond insurers who guaranteed that big loan argued hey it's unfair for them to lose money when the retirement fund, which when times were good, they committed to make whole remains untouched. a long list of creditors says the city did not negotiate in good faith and could have raised taxes to avoid chapter 9. legal experts predict the legacy of stockton and other cash-strapped cities like san bernardino and detroit will be a top down reevaluation of municipal finance. >> i think what we're going to see is local governments ...
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