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Author Topic: Rattner, ex-car czar, settles case  (Read 801 times)

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Offline cavegal

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Rattner, ex-car czar, settles case
« on: December 30, 2010, 02:32:51 PM »
http://www.politico.com/politico44/perm/1210/payment_due_374ff0c5-b9bc-49b1-a13d-235367a4a9c9.html

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The investment banker Steven Rattner, President Obama's former car czar, will pay a $10 million fine to settle two lawsuits claiming that his private equity firm, the Quadrangle Group, was involved in a $150 million pay-to-play scandal with public pension funds.

According to the New York attorney general, Rattner will be barred from appearing publicly before any pension fund in New York for five years as part of the agreement.
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Offline thundley4

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Re: Rattner, ex-car czar, settles case
« Reply #1 on: December 30, 2010, 02:46:12 PM »
Oh look, union pension funds were involved. 
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