Bankruptcy

CNN's Jake Tapper explains how the bankruptcy stunt was a sham. He says Jones and his lawyers came in with no plan to get out of their predicament. They were able to engineer what we call a subchapter five bankruptcy, he says. This means that plaintiffs are brought into a room and told this is the money you have,. And when nobody's going to look really closely, because you have third parties who are fun in the bankruptcy.