by Pete the Banker
Former Obama Car Czar, Steve Rattner is a real piece of work. He recently trashed Sheila Bair, who has made many controversial decisions as head of the FDIC, but is at least very professional and somewhat bearable as head of FDIC. See story here.
However, recently it was announced that Rattner is “settling” with SEC for various indiscretions including taking Kickbacks from pension funds. More charges are pending. You will recall that Rattner was the Administration’s front man in negotitiation of the seizure of the automotive industry. See story here. So one now has to wonder if he accepted kickbacks from the Automotive Unions when he orchestrated the takeover of GM and Chrysler. And one wonders why he received such a light slap on the wrist from the SEC for accepting kickbacks?
Just another stellar example of this Administration’s commitment to the principles of Hope, Change, Government Ethics and Transparency?!!
Tell ’em where you saw it. Http://www.victoriataft.com