The Intercept is a First Look Media Company.
Gov. Bruce Rauner made a fortune charging high fees to public pensions. Once elected, he tried to slash pension benefits.
Kentucky’s willingness to gamble massively on high-risk alternative investments for its pensions has made the state an easy mark for Wall Street hucksters.
Public pensions squander tens of billions of dollars each year on risky, poor-performing alternative investments like hedge funds.
Republicans’ new interpretation of the Congressional Review Act could endanger thousands of regulations that industries dislike.
Trump’s top economic adviser is leaving the White House — but not before delivering a number of gifts to Wall Street and his old firm, Goldman Sachs.