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.
When you need someone to supervise a couple failing car companies that have become beak-wetting pools for labor unions, global warming alarmists, and goodness knows how many other Democratic activist groups, I suppose it makes sense to get someone who understands the phrase quid quo pro. I would have hoped, though, that the administration would have found someone whose experience with it wasn’t quite so hands on.
The President, the article notes, knew about Rattner’s involvement as a key suspect in this investigation but hired him anyway. This reminds Dan Collins of a word the Democrats keep using but whose definition I don’t think they quite understand. Then again, when all you’ve known is Chicago Democratic politics, scum and villainy has to look pretty homey, doesn’t it?
UPDATE: Linked by Obi’s Sister in whom the Force is strong!