Obama adviser Rattner linked to NY pension probe

[ShockediSay]

Source: AP

NEW YORK (AP) -- An investment company run by the head of the Obama administration's auto task force has been accused of paying more than $1 million to an aide to New York's former comptroller in a bid to win a lucrative deal with the state pension fund.

Steven Rattner was an executive at the Quadrangle Group, a private equity firm, until he left this year to lead President Barack Obama's efforts to fix the U.S. auto industry. The Wall Street Journal and The New York Times reported that Rattner met with two now-indicted men to try to win state pension fund business.


Read more: http://finance.yahoo.com/news/Obama-adviser-Rattner-linked-apf-14956696.html;_ylt=Ah_RtYPo7wkGcopFyMvT7TC7YWsA?.v=3?sec=topStories&pos=3&asset=&ccode=

---

Is there a financial doctor in the house that isn't going to be another crook?

[marketcrazy1]

1. how nice

why am i not shocked by this......................

[DURHAM D]

2. oh great ... n/t

[Beavker]

3. Quit tapping CEO's of Private Corporations to help run our Government

Why? Why does it continue to happen? Maybe Rick Waggoner should take over the Auto Task force. Why not. He knows how to cheat and fail while making millions, so he's obviously the next choice.

[xchrom]

4. as long as both parties agree that lackies of the oligarchs are the

only ones who can actually run government -- than this is the way it will always always be.

[Baby Snooks]

5. Are you suggesting we are an oligarcy?

Why we are a democracy. Greatest democracy ever. Just look at Wall Street. Now if that's not democracy in action, what is?

And look at Afghanistan and Iraq. Both are now democracies. We liberated them and showed them how democracy works. Ain't it grand?

We haven't been a democracy since the day JFK was shot down in Dallas.

[Oregone]

6. NO WAY!!! Summers and Geithner vouched for that dude!

Yeah, couldn't help myself.

[pfitz59]

7. Put academics in charge!

Give the PhD's a raise, not the CEO's a pay cut! The revolving door has got to be locked!

[mod mom]

8. Let's hope those NY state pension holders file a civil suit for damage done to their

pension to enable Mr Rattner to become more filthy rich.

[Old Michigander]

9. It Will Take Time

for a new car czar to get up to speed. While it is unfortunate that Obama is having another one of his appointees exposed as a crook, the silver lining may be that the GM and Chrysler deadlines will now have to be extended.

[Freddie Stubbs]

10. Well, at least he paid his taxes

[Ian David]

11. Is Rattner the guy who owns the perogie restaurant? n/t