Rattner is no longer with Quadrangle. In April of this year, the company formally settled with Cuomo's office and the SEC and paid a total of $12 million to settle the case. It also issued a public letter describing Rattner's actions in hiring the politically-connected Morris as "inappropriate, wrong and unethical." At the time, Rattner, a former New York Times reporter, had no comment. In his book “Overhaul,” which lionizes his work in Washington, Rattner says he and his former colleagues at Quadrangle cooperated in the pension probe for months before it blew up publicly. Rattner says that before he and Quadrangle hired Hank Morris, they "checked him out" with Senator Chuck Schumer. "Both of us had worked on Chuck Schumer's first campaign for Senate in 1998," writes Rattner. Rattner says Schumer told him Morris was a "straight shooter." Rattner says he disclosed the existence of the pension probe to the Obama White House as part of his vetting process for the auto czar job. Rattner quotes White House press Secretary Robert Gibbs defending him to the press corps when Rattner and Quadrangle became ‘page one’ news. “He’s not accused of doing any wrong-doing and is not likely to face any criminal or civil charges related to this,” predicted Gibbs.
Check the show out here, at this link.
No comments:
Post a Comment