Posted on 10/14/2010 8:24:31 AM PDT by TigerLikesRooster
Obama Car Czar Banned from Securities Industry
Thursday, 14 Oct 2010 09:31 AM
Steven Rattner is near a settlement with the U.S. Securities and Exchange Commission in a probe of corruption at New York state’s pension fund, according to a person familiar with the matter.
Rattner, 58, is the co-founder of Quadrangle Group LLC, a New York-based private-equity firm he has since left. The proposed agreement includes a two-year ban from the financial industry and a $6 million fine, according to the person, who declined to be identified because the talks are private. In June, the SEC proposed a three-year ban, while Rattner suggested one to two years, a person with knowledge of those negotiations said at the time.
(Excerpt) Read more at moneynews.com ...
P!
Important to note who left him off the hook
Lots of the Obama czars will end up eventually in jail.
No wonder most of the Obama regime insiders are running for the exits.
2 year ban? BS. People with no money who make minor mistakes/indiscretions and cannot afford expensive attorneys are routinely banned for life from the securities industry.
Scum like Rattner pay bribes to get pension business.
Incestuousness breeds hemophilia and insanity/mental conditions.
Physically, and, politically.
A Cabinet full of Tax-Cheats and Wall Street CROOKS!!!!
Obama’s pals think they still live in Chicago.
Vanity Fair magazine runs an article on him every other month, trying to ‘explain’ his crimes. he is such a creep, he wants to be Treasurer of the US. I hope he goes to jail.
Now, do you understand the benefits of having money and being able to buy your sentence from the judge. Poor people don’t deserve the same sentence because they can’t pay for it.
What a terrible way to treat the guy who single-handedly saved the auto industry. < /sarcasm >
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.