Auto Czar Resigns in Disgrace
July 15th, 2009
Auto Czar Resigns in Disgrace: “
Steven Rattner is resigning from his post as President Barack Obama’s chief adviser on the troubled automobile industry at a moment when an investigation into his former Wall Street firm’s role in a scandal that involves public pension funds has intensified.
According to the New York Times, ‘Mr. Rattner, who has won plaudits for directing the rapid restructuring of General Motors and Chrysler, has been under a cloud since shortly after arriving in Washington in late February after it was disclosed that his firm, the Quadrangle Group, made payments to middlemen that helped it win state pension business.’
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