Comptroller Candidates vie for Chance to Fix State Budget

The winner of this year’s state Comptroller election will have “almost complete control of the state’s $124 billion pension fund,” reports The Gotham Gazette. Until recently, candidate Tom DiNapoli was under investigation by Attorney General Andrew Cuomo’s office for alleged wrongdoing in an investment known as Intermedia, which both he and disgraced Comptroller Alan Havesi had approved. With the charges now dropped, DiNapoli’s opponent, Harry Wilson, has turned to other “negative baggage” to label his opponent. Wilson now describes DiNapoli as a government insider granting investments in exchange for financial incentives. While DiNapoli in turn charges that Wilson is a reckless Wall Street fat cat whose business principles were founded in the failed culture of Wall Street. Both candidates agree that investments should be made in lower risk portfolios.