More background on the scoundrels and crooks behind the theft of the private economy.
White House car czar Steven Rattner is married to Maureen White, the former national finance chairman of the Democratic National Committee. And let's not forget that before Rattner became a Wall Street mover and shaker, he was a New York Times reporter
Is that where this nation is going? Where the only good jobs will be in the government? Where, in order to get protection from the government, you have to work for the government, know folks in the government?
STEVEN Rattner, the auto industry adviser to Treasury Secretary Timothy Geithner, is flagrantly thumbing his nose at President Obama's call for Americans to make sacrifices in the collapsing economy.
\Rattner is moving full-speed ahead with construction of a lavish, $15 million summer home in the Lambert's Cove area of West Tisbury on Martha's Vineyard -- a palatial mansion he's had in the works since 2006. It's caused a furor among wealthy Vineyard residents, who've called the planned 15,500-square-foot project far too big and gaudy, The Post's Mark DeCambre reports.
Nonetheless, the town's Land Use Planning Committee greenlighted the scheme, which involves transporting an existing building to an adjoining larger property on Obed Daggett Road. Adding to the controversy, the mansion is close to a sacred Native American burial ground protected by a permanent preservation restriction, according to the Martha's Vineyard Times.
Rattner has been tough on banks and hedge-fund managers unwilling to take haircuts on stakes they own in failing car companies. Yet Rattner, his wife, Maureen White, the former national finance chair for the Democratic Party, and their four children enjoy plush lifestyles because of the success of his Quadrangle Group hedge fund, which manages Mayor Bloomberg's $16 billion fortune. His fund has been under scrutiny in a pension scandal being probed by state Attorney General
Steve Rattner, the money manager who is Obama's top adviser on bailing out the auto industry, is uncomfortably close to a criminal investigation into the New York state pension fund, newspapers reported today.
In October 2004 Rattner, the private equity investor and former New York Times reporter who is leading (if not quite the "czar" of) the Obama administration's task force to save the auto industry, met with David Loglisci, the recently-indicted chief investment officer of the New York General Pension Fund to solicit an investment in his private equity fund Quandrangle,