Obama – More “czars” than Russia ever had. Now “car czar” Steven Rattner involved in Pay to Play scandal!

Another day, another Obama admin crook. Michelle Malkin mentions that 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. More from the Business Insider:

The Treasury’s car czar, Steve Rattner, has been dragged into the New York State retirement fund kickback scandal that led to several arrests earlier this week.

Rattner’s private equity firm, Quadrangle, paid a finder’s fee to one of the defendants in the kickback scheme for a $100 million investment the state retirement fund made in one of Quadrangle’s funds.

More troublingly, one of Quadrangle’s affiliate companies also paid $88,000 to acquire the DVD distribution rights for a movie produced by the New York State official who made the investment decision and his brothers.  Quadrangle made this DVD payment during the time the state was considering making the investment.

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April 16, 2009 · Filed Under Barack HUSSEIN Obama, Corruption, Obama's Cabinet


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