CalPERS Investigating $50 Million Paid to Former Board Member

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California largest public retirement system, CalPERS, stands to lose $500 million on a New York real estate deal that's about to go bust. Other potential losers are the Government of Singapore Investment Corporation and the Church of England.  The State Teachers' Retirement System has already written off $100 million. Dale Kasler covers business and economics for the Sacramento Bee.

Credits

Guest:
Dale Kasler - Sacramento Bee - @dakasler

Host:
Warren Olney

Producers:
Katie Cooper, Sonya Geis