How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees




Fearless, Adversarial Journalism – Spoken Edition show

Summary: A Wall Street Coup Thousands of Kentucky public school teachers swarmed the state Capitol earlier this year, angry not about low salaries, but about their shrinking pensions. Among their concerns: the high portion of their money that has ended up in the hands of Wall Street in opaque, high-cost products that seem to benefit no one aside from the people who sold them. Rising pension costs helped to send teachers in Colorado into the streets in protest a few weeks later.