The Conservative Cave

Current Events => Politics => Topic started by: Chris_ on December 31, 2010, 10:07:26 AM

Title: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
Post by: Chris_ on December 31, 2010, 10:07:26 AM
Quote
Rattner Will Pay $10 Million to Settle Cuomo's New York Pension-Fund Probe

Steven Rattner, a co-founder of the private-equity firm Quadrangle Group LLC, will pay $10 million to settle kickback allegations involving New York’s pension fund, less than half of the $26 million state Attorney General Andrew Cuomo sought in a lawsuit.

Rattner also agreed to be banned from appearing “in any capacity” before any public pension fund in the state for five years, the attorney general’s office said yesterday in an e- mailed statement. Cuomo, New York’s governor-elect, sought a lifetime ban from the securities industry.

Rattner, 58, helped overhaul General Motors Co. and Chrysler Group LLC when he headed the U.S. government’s Automotive Task Force.
Bloomberg (http://www.bloomberg.com/news/2010-12-30/steven-rattner-will-pay-10-million-in-restitution-to-new-york-cuomo-says.html)

An Obama czar or Andrew Cuomo... it's difficult to decide who to dislike more.
Title: Re: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
Post by: true_blood on December 31, 2010, 02:07:21 PM
An Obama czar or Andrew Cuomo... it's difficult to decide who to dislike more.
I say be fair and dislike them both "equally". :-)
Title: Re: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
Post by: DefiantSix on December 31, 2010, 02:21:16 PM
Quote
Rattner, 58, helped overhaul General Motors Co. and Chrysler Group LLC when he headed the U.S. government’s Automotive Task Force.

 :lol: Suuure he did...  :bs:

(http://i200.photobucket.com/albums/aa200/DefiantSix/01CA74B3.jpg)

Title: Re: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
Post by: Chris_ on December 31, 2010, 02:27:51 PM
:lol: Suuure he did...  :bs:
:thatsright:  Looks like the Obama administration found someone stupider than Sheila Jackson-Lee to work for them.