Schilling Speaks Out On Problems At 38 Studios

08:20

May 29, 2012

Curt Schilling, center, is followed by members of the media as he departs the Rhode Island Economic Development Corporation headquarters, in Providence, R.I., Wednesday, May 16, 2012. Schilling briefed Rhode Island Gov. Lincoln Chafee and economic development officials Wednesday during a closed-door meeting. (AP Photo/Steven Senne) — Curt Schilling, center, is followed by members of the media as he departs the Rhode Island Economic Development Corporation headquarters, in Providence, R.I., Wednesday, May 16, 2012. (AP Photo/Steven Senne)

The fallout at Curt Schilling's video game company 38 Studios continues this week, as both Schilling and Rhode Island Gov. Lincoln Chafee point fingers.

Last week the company laid off its entire staff and defaulted on its $75 million state loan. And Tuesday, Gov. Chafee said the chances of rescuing the company are small.

"Well, hope springs eternal but it does look bleak," Gov. Chafee said. "Just the worst investment that's ever been made in the history of Rhode Island."

Schilling was quoted in the Providence Journal on Tuesday saying that the state was to blame for 38 Studio's financial collapse.

Guest:

Scott McKay, reporter at WRNI

More:

R.I. Gov.: Schilling Company Again In Violation
Schilling's Video Game Company Lays Off Entire Staff
R.I. Gov: Schilling’s Company Made $1.1M Payment To State
R.I. Officials Studying Finances Of Schilling Company
Former Sox Player’s Debut Video Game Hits Shelves

This segment aired on May 29, 2012.