Detailed text transcripts for TV channel - MSNBC - 20131204:

Detailed text transcripts for TV channel - MSNBC - 20131204:08:22:00

>> that's an important point, so they investigated whether or not the state pushed them into bankruptcy indegsally. and they played a crucial role in tipping them into bankruptcy, what was that? >> they cut revenue sharing. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state la that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for

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