BONUS: NY Comptroller Candidate Drew Warshaw on Changing the NY State Pension Funds

The podcast features an interview with Drew Warshaw, a candidate for New York State Comptroller, focusing on his plans for the state's $300 billion pension fund and the role of the Comptroller. Warshaw argues the fund has underperformed, costing taxpayers nearly $60 billion due to excessive fees paid to Wall Street managers. He proposes shifting to low-cost index funds and concentrating on asset allocation. Warshaw also criticizes the state's handling of unclaimed funds, suggesting automatic returns to New Yorkers, and advocates for auditing the Department of Financial Services and the state's building code to address the affordability crisis. He aims to make the Comptroller's office more visible and effective in serving the public interest.