Skip to comments.Rattner to Pay $10 Million in Settlement With Cuomo
Posted on 12/31/2010 7:48:29 PM PST by Rabin
The financier Steven L. Rattner (Obama's lead auto industry overhaul administrator), has agreed to pay $10 million to settle civil charges that he engaged in a kickback scheme involving New York states pension fund... Rattner will pay restitution to the state pension fund and will be barred from appearing in any capacity before a public pension fund within the state for five years. He did not admit any wrongdoing...
Rattner accused Mr. Cuomo of extortion and said this conduct was not the kind of behavior I think we want out of an attorney general or a governor. Cuomo was infuriated by Mr. Rattners public statements... Cuomo accused Mr. Rattner of lying in the early stages of the inquiry...
(Excerpt) Read more at dealbook.nytimes.com ...
...exploding blood sucking ticks....
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Not a big fan of the Cuomos but illegal IS illegal and I appreciate Mario’s boy doing his job.
Rattner gets his deal without having to admit any wrongdoing, Cuomo is “infuriated.”
Gosh and golly gee, I DO hope none of the evidence from the investigation LEAKS out to the media. If it should, Andrew might want to think about checking into the solitary ward of a maximum security prison for his safety. I hear Sing Sing is pretty in the Spring.
Well I assume this was a “youthful indiscretion” and that Mr. Rattner “leared from his experience”..../sarc
Gosh, another TurboTax problem?
From the article:I don't know. Sounds like he's establishing his credentials to join "the most ethical administration in history."
He and his wife, Maureen White, also established themselves as power brokers in the national Democratic Party. But the case has almost certainly thwarted what Mr. Rattners friends have described as his ambition to hold a senior cabinet-level post in a Democratic administration, including Treasury secretary.
If anything, paying millions in fines makes him overqualified in the current administration.