KNPR

Casino Investments Cost Teachers' Pension Fund

The Texas Teachers' Retirement Fund was a big investor in the Station Casinos buyout. The fund wanted to boost its returns. The Fertitta Brothers, who now own a majority of the company, were also donors to Governor Rick Perry's campaign. And the governor appointed the board that changed the teachers investment strategy to more aggressive investment in real estate and bonds. We talk with the reporter who investigated how TTRF lost its entire $99 million investment.
 
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Steve McGonigle, reporter, Dallas Morning News

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