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Author Topic: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe  (Read 1443 times)

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Offline Chris_

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Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
« on: December 31, 2010, 10:07:26 AM »
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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

An Obama czar or Andrew Cuomo... it's difficult to decide who to dislike more.
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Offline true_blood

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Re: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
« Reply #1 on: December 31, 2010, 02:07:21 PM »
Quote from: chris_ on December 31, 2010, 10:07:26 AM
An Obama czar or Andrew Cuomo... it's difficult to decide who to dislike more.
I say be fair and dislike them both "equally". :-)
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Offline DefiantSix

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Re: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
« Reply #2 on: December 31, 2010, 02:21:16 PM »
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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:



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Offline Chris_

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Re: Obama's Car Czar Will Pay $10 Million to Settle Pension Fund Probe
« Reply #3 on: December 31, 2010, 02:27:51 PM »
Quote from: DefiantSix on December 31, 2010, 02:21:16 PM
:lol: Suuure he did...  :bs:
:thatsright:  Looks like the Obama administration found someone stupider than Sheila Jackson-Lee to work for them.
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