Thread: Obama's Car Czar involved in Pay-To-Play scandal.......Libs of a feather......

Another Democrat involved in a Pay-To-Play scandal.........must be Friday....

Michelle Malkin Obama car czar linked to alleged kickback scheme

Obama car czar linked to alleged kickback scheme
By Michelle Malkin • April 16, 2009 11:19 PM
Pay to play: It’s the Obama way. So, really, is anyone surprised anymore?

Steven Rattner, the leader of the Obama administration’s auto task force, was one of the executives involved with payments under scrutiny in a probe of an alleged kickback scheme at New York state’s pension fund, according to a person familiar with the matter.

A Securities and Exchange Commission complaint says a “senior executive” of Mr. Rattner’s investment firm met in 2004 with a politically connected consultant about a finder’s fee. Later, the complaint says, the firm received an investment from the state pension fund and paid $1.1 million in fees.

The “senior executive,” not named in the complaint, is Mr. Rattner, according to the person familiar with the matter. He is co-founder of the investment firm, Quadrangle Group, which he left to join the Treasury Department to oversee the auto task force earlier this year. Neither Mr. Rattner nor Quadrangle has been accused of any wrongdoing. Mr. Rattner did not return calls for comment.

Steven Rattner, a chief adviser to Obama’s automotive task force.
A spokeswoman for the Treasury, which is in charge of the auto task force, said that “during the transition, Mr. Rattner made us aware of the pending investigation.”

In the long-running pay-to-play case, authorities allege that about 20 investment firms made payments in exchange for investments from the $122 billion New York State Common Retirement Fund. The case, being investigated by New York Attorney General Andrew Cuomo and the SEC, has led to three criminal indictments and a guilty plea. The attorney general’s office and the SEC declined to comment.

Yes its pathetic.....its disgusting....outrageous....and yet another reason why no sane mind should ever vote Democrat ever again.......

.....the one thing it isnt....is surprising. Just like with the Blowjobovitch scandal....so many gasps and awes.....at what?.....this is the reality of Liberalism. Pay-To-Play is not an anomily among Democrat governments....its the norm....and it takes place in almost every one of them....from Federal levels to city levels...from sea to shining sea.....
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It's amazing how this man keeps picking tax cheats, and thieves for his administration. Setting his crookedness aside, the dumb bastard doesn't have a clue about how to build a car, much less run the companies.