Obama auto czar caught up in NY pension fund scandal


Steven Rattner, the leader of the Obama administration’s auto task force, was one of the executives involved with payments under scrutiny in a probe of an alleged kickback scheme at New York state’s pension fund, according to a person familiar with the matter.

A Securities and Exchange Commission complaint says a “senior executive” of Mr. Rattner’s investment firm met in 2004 with a politically connected consultant about a finder’s fee. Later, the complaint says, the firm received an investment from the state pension fund and paid $1.1 million in fees.

The “senior executive,” not named in the complaint, is Mr. Rattner, according to the person familiar with the matter. He is co-founder of the investment firm, Quadrangle Group, which he left to join the Treasury Department to oversee the auto task force earlier this year. Neither Mr. Rattner nor Quadrangle has been accused of any wrongdoing. Mr. Rattner did not return calls for comment. (more at WSJ)

Culture of corruption anyone?

More at NYT
“Mr. Rattner’s selection for the auto job was a topic of much speculation beginning in January, but it took several weeks to be settled. Two people close to the Obama administration said there were a handful of concerns about Mr. Rattner before he was named to his new position, but they declined to elaborate on what those concerns were.”

3 Responses

  1. Not for libs, it’s a resume enhancement.

  2. maybe so, but I want to hang as much of this crap on them as I can.

  3. I’m witcha!
    Let me get my goggles, a wheel barrow, and a shovel.

Comments are closed.

MY SURYA

Engkau dan Aku

Engagement Gems

An engagement ring doesn't have to be a diamond. Our engagement rings are exquisitely crafted and perfect for that special occasion.

Estate un rato

Interesantes posts de diversos temas.

CritDicks.com

A precariously critical, humorous take on life’s interactions with food and drink!

Kemdirim Okezie

The way you live your life depends on you!

Your Music Aficionado

The Place To Talk About Music

#AllYourNews

#AllYourNewsInOnePlace #AllTheNews

malleable art

MAL-ART is about hitting that sweet, sweet spot as well as a sour nerve or two--- POPPED BUBBLEGUM, HARDCORE JAWBREAKERS & WORDS FROM ME TO YOU

Mens en samenleving

Mensen maken de samenleving en nemen daarin een positie in. Deze website geeft toegang tot een diversiteit aan artikelen die gaan over 'samenleven', belicht vanuit verschillende perspectieven. De artikelen hebben gemeen dat er gezocht wordt naar wat 'mensen bindt, in plaats van wat hen scheidt'.

BGR

Mobile and tech news, reviews, opinions and insights

iigothair

Change Your Look, Change Your Life & Change Your Bank Account $$$

Best Vegetarian Restaurant Chicago

We are providing excellent & high quality Indian Vegetarian Food in Chicago

Plutonium™ Paint

Ultra Supreme Professional Grade Aerosol Paint

Prezent Simple

Zainspiruj się pomysłami

agoresblog

Ogni pensiero è libertà

bjsscribbles and photography

enjoy bjs scribbles and photography

BROTHER MO FERNANDEZ

Inspiring you daily in CHRIST...for without Him we are nothing

Follow

Get every new post delivered to your Inbox.

Join 4,577 other followers

%d bloggers like this: