Skip to comments.Fox News Alert - Car Czar (Steven Rattner) Stepping Down
Posted on 07/13/2009 1:22:53 PM PDT by edpc
Reported during Your World that Steven Rattner would step down and be replaced by a member of the Auto Task Force. No print story currently available at site.
(Excerpt) Read more at foxnews.com ...
The Wall Street Journal reported Thursday night that Rattner was involved with payments at the center of an investigation into an alleged kickback scheme at New York state's pension fund. Sourcing their information to a "person familiar with the matter," Journal reporters Craig Karmin and Peter Lattman reported that Rattner, who was then an executive at Quadrangle Group, an investment firm he co-founded, met with a "politically connected" consultant to discuss a finder's fee. Quadrangle later paid a $1.1 million fee, and received a $100 million investment from the New York State Common Retirement Fund.
Czars don’t “step down,” they “abdicate.”
“Quadrangle later paid a $1.1 million fee, and received a $100 million investment from the New York State Common Retirement Fund.”
Those numbers have betting odds beat to the ground.
About par for Obama's cabinet members I suppose...
Maybe he just wants to spend more time with his family.
That, and he may see the writing on the wall vis-a-vis Obambi’s poll numbers. Split while ya can.
Is he going back to High School?
He should suggest the same for his boss.
Now that's fuuuunny!
Another validation of my 2009 tagline
I was thinking his end would be more like what happened in 1917.
Rat(tner) jumping sinking ship?
Bump to Breaking News.
...and I'm sure he paid taxes on the kickback...
WHAT?? He finally realized that he knows nothing about the car business??
Well, I guess it’s back to the drawing board for Hussein! BTW? How many czars are there now? Last count I had it was 32 or 34, then I heard 40 mentioned.
...in addition to most of them (including Obama) being abject marxist ideologues.
That is a line I would like to see on an income tax form: “In Scetion C, list all bribes and kickbacks you receievd during this period...”
Czars dont step down, they abdicate.
...and not always willingly.
He has his kickback from the car companys. Now he can go live in the style Oboma has become accustomed to.
ping for later
That was quick. Almost as short a tenure as a Yankee manager during Steinbrenner’s heyday in the 1980s.
WASHINGTON (Reuters) - Steven Rattner is leaving as the day-to-day head of the U.S. autos task force that oversaw bankruptcy at General Motors Corp and Chrysler Group, Treasury Secretary Timothy Geithner said on Monday.
Ron Bloom, a senior member of the White House/Treasury Department task force, will take over for Rattner, who is returning to private life in New York, Geithner said in a statement.
What do we know about Bloom?
Thanks....I was looking for a solid news article to post it.
sounds like a ‘recall’.. that was quick!
Is he the guy that looks like Henry Waxman on crack?
He should be placed in charge of the used car operation.
Is anyone in this admin not either insane or crooked?
He’s one of the women, but I can’t recall which one. :)
Rattner is as DIRTY as they come!! However the Justice Dept. will NEVER go after him because he’s a HUGE DEMOCRAT!!
This is not the man odumbo thought he was
I hope he ends up a cell mate with Madoff.
Obama sure has a hard time finding clean appointments. Maybe he just doesn’t care about their backgrounds until they reach the light of day?
N0bama just realized he’d appointed a white guy....
I always lot it when a Ratt or a Czar takes one in the hat!
Has he gathered enough material to write his book?
CNN: Rattner had been Managing Principal of Quadrangle Group LLC, a private investment firm with more than $6 billion of assets under management that specialized in investments in media and communications companies. Rattner is a former reporter for The New York Times.
A source close to Rattner told CNNMoney that he is not returning to Quadrangle.
Gov Richardson-pay to play scandal (withdraws)
Geithner-Tax cheat (confirmed)
Daschle-Tax cheat (withdraws)
Killefer-Tax cheat (withdraws)
Solis (husband)-Tax Cheat (confirmed)
Sen Burris lied about "pay to play" contacts
VP Biden's daughter in cocaine bust
Rahn Emanuel (too numerous to mention)
Obama prez campaign accepted AIG donations
House Speaker Nancy Pelosi (being there)
Cong Barney Frank, Freddie Mac scandals
Sen Chris Dodd, AIG bonuses, sweetheart deals with Countrywide
No. 2 at HUD Ron Sims (blatant violations of Public Records Act as Seattle area County exec)
Auto rescuer appointee Steven Rattner (massive pay-to-play NY pension scandal)(stepping down)
Louis Caldera, White House Military Office (ousted for $357,000 flyover NYC)
Other Dem Scandals:
Rangel-Tax cheat (under investigation)
Franken-Tax cheat (in US Senate recount)
VP candidate John Edwards under scrutiny for love child payoff w/ campaign funds
Governor Blagojevich-pay to play scandal (impeached)
Baltimore Mayor Dixon- indicted on perjury, theft charges
Racine Mayor Becker-arrested for child porn & soliciting minors
Hartford Mayor Perez- arrested for bribery
Birmingham Mayor Langford- arrested on federal charges
Former Detroit Mayor Kwame Kilpatrick-served 99 days jailtime
Portland Mayor Adams- admitted he had gay sex with teen intern
Chicago Alderwoman Troutman-plead guilty to tax fraud and mail fraud
Monica Conyers John Coyners wife, Detroit City Council President implicated in Detroit bribery case
Tim Mahoney (D-FL) - Offered $121,000 payoff and $50,000 a year job for two years to quiet former mistress/staffer
Rep William J. Jefferson (D-LA) tried on 6 counts including bribery (hid $90,000 cash in freezer)
NY Gov Spitzer - fed's wiretaps out involvement in prostitution ring.
Cong Alcee Hastings ex-judge, impeached/convicted for bribery (elected to House)
US Rep. Carnahan (D-MO) lien filed on home for $17,364 unpaid roofer bill
State Sen Dianne Wilkerson (D-MA) resigned; arrested on federal bribery charges (stuffed bribes in bra)
Carol Moseley Braun nailed for stealing $249,000 from her campaign treasury
State Sen J. James Marzilli(D-MA) indicted for accosting four women (resigned)
Rep Jan Schakowsky (Dem/Socialist--ILL) husbands bank fraud
Ex-leader of Young Democrats sentenced in Child Porn case
North Carolina Dem activist sentenced in child porn case-involving kids as young as 6
Kerry's Band of Brothers member on-stage at DNC Convention (convicted for child porn)
Aide to Sen Barbara Boxer received/distributed child porn (convicted)
Child molester back working for Democrat in Hawaii Legislature
Wisconsin Dem mayor charged with child-sex crimes
Left-wing radio personality Bernie Ward (possession/distribution of child porn conviction)
Bwaney's boyfriend ran prostitution ring at residence
Look at how many on that list were busted on child porn charges.
Who’s the 31 year old guy? I thought it was the car czar until I saw a pic of Rattner here.
Justice Dept may not but NY Attorney General has a history of taking on cheats!
That was Brian Deese. He was in charge of the GM bankruptcy.
I don’t know what Ratface Rattner doesn’t blame his problems on TurboTax (or Quickbooks or whatever). Worked for Timmah!