NY pension fund investments take more than 26 percent hit from Wall Street meltdown, recession

ALBANY, N.Y. — New York state Comptroller Thomas DiNapoli says the state’s massive public pension fund lost more than 26 percent on its investments during a fiscal year marked by Wall Street’s meltdown and the recession.

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"You see, wire telegraph is a kind of a very, very long cat. You pull his tail in New York and his head is meowing in Los Angeles. Do you understand this? And radio operates exactly the same way: you send signals here, they receive them there. The only difference is that there is no cat." - Albert Einstein

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NY pension fund investments take more than 26 percent hit from Wall Street meltdown, recession

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