GAO pension survey reveals endemic corruption hiding in the hedges

A Commentary by FRANK KEEGAN | March 22, 2012
in State Budget Solutions–Real Solutions for Real Budget Problems

“Anybody who ever questioned how many layers of corruption are woven into state and municipal pension systems, should take a look at the latest Government Accountability Office report on “Challenges of Hedge Fund and Private Equity Investing.”

“Challenges?” That’s a genteel way of putting it. Why not put it in English: Ripping off taxpayers and public workers.” Click to read the full commentary.