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Tuesday February 17, 2009 at 12:00 pm

Rep,John Y Gallow-D 140 questions the financial experts of PSERS and SERS about the possible bailout by the Rendell administration of the investment group Philadelphia Media Holdings,the group controls the newspapers The Philadelphia News and The Philadelphia Inquirer. Nicholas T. Maiale Chairman of SERS describes the meeting between SERS, Rendell, Brian Tierney,Bruce Toll, and members of the Nutter administration.rnMaiale states he had what he called "distress debt managers"look into buying some of the debt of the Inquirer,Maiale went on to say" we did not think it was a good investment and that's why nothing happened" r

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