The pros and cons of a bankruptcy for CPS

CHICAGO (FOX 32 News) - They're calling it a "lifeline" not a bailout.

Republican state leaders proposing Wednesday a takeover of Chicago Public Schools and allowing the district to declare bankruptcy, to get its finances in order.

Ed Bachrach, former CEO of the Bachrach men's apparel chain and now a pension activist joined Good Day to talk about the pros and cons of a bankruptcy for CPS.

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