they did this again, once before in 2007 they did the same exact thing. arthel: as we know municipal bonds used to be a safe investment. so now these guys are basically getting hosed. i ll tell you if anybody is a bond holder, a municipal bond holder in the state of california, buyer be ware at this point. we might start to see this happen in oakland, sacramento, los angeles. people continue to buy these bonds because they had a promise from these organizations that they would be paid back on a specific date. when that promise goes away you really are tossing out all the rules in investing all over. now you start questioning, why would he own a bond that i potentially where i have limited up side? why don t i just go buy equities where i have unlimited potential, because the promises made by stockton are not being held. and there is accountability that is just not going to ham at this point. arthel: i understand, that they are talking about filing bankruptcy under chapter 9 i think
spouse is then kicked out of your home, that is one of the reasons we see the numbers go so far and the financial hardships also that many americans have been seeing. if you take it out at 62 and you take a 20 year loan, a 30 year loan, what if you live past that loan? you have no necessary egg, no savings. medical bills u may need hospice care and you have no cash at the end of the day. they are very controversial and a lot of advisers advise against them to be honest with you. martha: this is a case of people needing to understand what they are getting themselves into, buyer be ware. reporter: the consumer protection bureau sent a huge report about the exact issue, reverse mortgages. they are telling congress you need to reduce the limit. there might be a move by hud today. there are other options for homeowners out there if you find yourself older and your house is in danger you can sell the home, you can takeout a home equity line of credit, that is one option to get you through,
fernstrum saying, no, it isn t a tax either. martha: a plane with 150 passengers from los angeles to orlando diverted to midland, texas. the passengers were left stranded for 16 hours overnight at that airport, no food, no water, no blankets, no nothing. it was difficult at 9:00 at night everybody got off the aircraft. everything is closed here at midland, we are winding down for the independen end of the day. if it was going to be a longer timeframe we would typically get with the red cross and make sure would he could provide some could thes. martha: bad situation. what is the legal resource if any for a passenger put in a situation like this? our legal panel will weigh in on that bad one next. gregg: if you read online reviews to check out restaurants, hotels, maybe oeu other businesses, be ware of a new cyber scam.
mix of energies. that s why we re supplying natural gas to generate cleaner electricity. that has around 50% fewer co2 emissions than coal. and it s also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. a minute, mom! let s broaden the world s energy mix. let s go. a verdict could come down in the jerry sandusky trial. sandusky s own adopted son, matt now claims his father molested him too. another man is going public with his accusations against sandusky. that s in addition to the ten alleged victims that sandusky is on trial for. my goodness. let s go to sunny hostin. she s on the case for us. sunny, this is unbelievable story. the jury inside that building has no idea what matt is claiming. they don t know what s going on with that part of the story. reporter: they don t. we heard about this after the jury already started deliberating. what s very interesting, and i think the question on everyone s minds is why d
mccain up over then senator obama by one percentage point. our next guest says what the polls show in june is not a very good indication of who is going to win in november. let s talk about it with larry sabato the director for the center of politics at the university of virgina. you ve taken a look at the historical record and you say that june polls are not a very good predicter, larry, why? jon, that is absolutely true. be ware of the june polls. the last eight presidential elections, using gallop, not to jump on gallop, but because gallop is the gold standard, six of the eight elections their june polls projected the wrong winner. now they weren t trying to project, they were simply measuring what existed in june, but that s the whole point. you can t tell what the november results are going to be from what the june polls say. that is the message people should take away. they should look at june polls and say, gee, isn t that interesting? and then turn the page. jon: so in 1980 j