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Following the Money Behind Public Pension Funds

WNYC – An investigation into corruption at the New York State pension fund has raised questions about the fund’s dealings with Wall Street. Federal and state regulators are examining how the pension fund chooses its private money managers. Last month we reported on the tangled relationships between the pension fund and Wall Street. Today we follow the money. WNYC’s Lisa Chow reports.

REPORTER: It was a Friday morning in May when Tom DiNapoli delivered the bad news.

DINAPOLI: As we are all aware, 2008 was one of the most difficult years in Wall Street history.

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