any other town that is in a similar scenario now? well, for example, rahm emanuel, as you know is the mayor of chicago now, has been telling the unions now for the last couple of years, look, we ve got to renegotiate these pensions. we ve got to do something to make sure we don t look at a detroit scenario. another big city is oakland that is in a lot of financial trouble. one of the ways to kind of divert the bankruptcy option is deal with the problem of pensions now. the tragedy of detroit they have known for 15 or 20 years that this day was going to arrive. the unions wouldn t renegotiate the contracts and guess what? the only option if you re not going to renegotiate the contracts and you can t pay your bills is the bankruptcy option which is what a lot of companies and households use if they can t pay the bills. bill: you have an arbiter that decides the fate and future retirement for you. that s right. bill: if you re working in chicago and watching this judge and you re wait