The Secret Wealth Transfer

The Daily Poster recently published a deep-dive report on Wall Street executives skimming billions of dollars of fees off the retirement savings of teachers, firefighters and other government workers. The relationship between public pensions and alternative investment firms has become one of the biggest upward transfers of wealth in America - and much of it is happening in secret. That's because pension officials and the firms collude to keep the investment contracts secret, even to the workers and retirees whose money they are managing. On this episode, Sirota talks to former SEC attorney Ted Siedle, whose forensic investigations of major pension funds are exposing this enormous scandal. Siedle is the author of the books Who Stole My Pension? and How To Steal A Lot Of Money, Legally.