http://www.dailykos.com/story/2015/04/09/1376654/-Wall-Street-has-gobbled-up-billions-of-New-York-City-pension-dollars
"But you know what we're told again and again: It's those greedy public workers who expect to have pensions when they retire—they're the problem when pension funds fall short. Not the Wall Street fees or the states, like Chris Christie's New Jersey, that haven't contributed their share to pension funds and have paid hundreds of millions of dollars in management fees.
It may have taken New York City a little too long to get to the point of saying "hey, wait a minute—Wall Street is getting too much of our workers' pensions," but good for Comptroller Scott Stringer for getting there and going public. Now he has to follow through."
