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Detailed text transcripts for TV channel - FOXNEWS - 20130816:20:28:00

Neil: the pension benefit guarantee corporation. when pensions shut don they take over, usually at pennies on the dollar. we tried to reach out to the treasury department today. they gave us a statement. quote: while the bankruptcy at delphi required painful sacrificeses from all stakeholders, this administration and the prior administration made the right choice to support the american auto industry and the actions taken brought needed stability to auto industry and helped save more than a jobs. more or less saying, i think, the ends justify the means. if that s what they want to say, we disagree. the doesn t doesn t have a right to say the ends justify the means. they have the responsibility to treat citizens on an equal basis. they can t make determinations based on union affiliations or things like that. that s wrong. and it s also wrong for the treasury to intervene between the pbgc and the companies that held the pensions, and call the ....

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