“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Monday, October 18, 2010

Steve Rattner- Most Transparent Administrative Official Ever?

Thursday's Wall Street Journal revealed that former Wonderboy autu czar has been ensnared in the New York State pension fund 'pay to play' scandal.

The article reported,

"Under a deal being negotiated, Mr. Rattner would pay a $6 million and agree to a two-year ban from the securities industry, a person familiar with the matter said."

The Journal piece also noted that Rattner had been involved in earlier discussions with the SEC regarding a possible three year ban for the same activities.

How is that ultra-clean Wonderboy administration working out so far? The guy he taps to untangle the government's role in the auto sector seems to have been involved in bribing state officials in order to manage pension fund money. If not, why the agreement to the fine and ban?

You can't make this stuff up.

1 comment:

Brad said...

Dear C, Imagine what else we don't know. Every place we get to peek behind the plywood barrier of 0-bam's operation, we see dirt. We must assume that there is a huge pile of dirt back there.