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Cities and States Pay Massive Secret Fees to Wall Street

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TruthDig - By David Sirota - Apr. 25 (Investigative Report) - If CEM’s calculations are applied uniformly, it could mean taxpayers and retirees may actually be paying double—more than $10 billion a year. Public officials are overseeing this massive payout to Wall Street at the very moment many of those same officials are demanding big cuts to retirees’ promised pension benefits.

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