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The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.


#60 Planet Money: Private Equity, Public Money

June 26th, 2009

Episode 153 of 902 episodes

New York state is in the midst of an investigation into a pension scandal involving alleged kickbacks, but the trouble with pension funds doesn't stop at corruption. WNYC's Lisa Chow, who has been reporting on the scandal, explains how public pension funds get invested in private equity. Once your money goes in, good luck finding out where it is or how it's doing.

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