Posted on 04/17/2009 9:47:31 AM PDT by NormsRevenge
NEW YORK – An investment company run by the head of the Obama administration's auto task force has been accused of paying more than $1 million to an aide to New York's former comptroller in a bid to win a lucrative deal with the state pension fund.
Steven Rattner was an executive at the Quadrangle Group, a private equity firm, until he left this year to lead President Barack Obama's efforts to fix the U.S. auto industry. The Wall Street Journal and The New York Times reported that Rattner met with two now-indicted men to try to win state pension fund business.
Quadrangle, while under Rattner's watch, paid huge fees to Hank Morris, a political aide to former comptroller Alan Hevesi, the Securities and Exchange Commission said in court papers filed Wednesday.
(Excerpt) Read more at news.yahoo.com ...
time for a Obama bus pit stop.
half a wedgie and check the t’ar pressure
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