Steven Rattner, the man who oversaw the Obama Adminsistration's turnaround of the auto industry, has been having a pretty busy week. His book about the turnaround came out and according to reports from The New York Times, he’s apparently reached a settlement with the Securities and Exchange Commission over his role in a large and long-standing pension fund kickback scheme. New York Times reporter Louise Story discussed the reported settlement.
You can read
the full WNYC story here.
In the epilogue to his new book, “Overhaul,” Steven Rattner tallies up the bill for the government assistance that spared General Motors, Chrysler and their financial subsidiaries and automotive suppliers from ruin. The total, authorized by the Bush and Obama administrations in 2008 and 2009, comes to a staggering $81.8 billion. While that government assistance has kept the companies alive, “predicting with any accuracy how much of the $82 billion of bailout money will ultimately be recovered is a difficult exercise,” writes Mr. Rattner, a former journalist for The New York Times and a financier who led President Obama’s restructuring effort.
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full NYT story here.
Last week's release of ex-Obama administration "car czar" Steven Rattner's book "Overhaul" came bundled with one strategically placed leak intended to drum up buzz: Rahm Emanuel saying "Fuck the UAW [United Auto Workers union]." The backlash to the throwaway line, which garnered predictable reactions from Beltway pundits, appeared to dissipate during the Labor Day weekend daze. Liberal gadfly Michael Moore, however, wasn't going to let that one slide. In an article for The Daily Beast, Moore declares a "Happy F---ing Labor Day" to you, Rahm, before railing against Obama's White House Chief of Staff in a 1,200 word expletive-filled screed. While the filmmaker admits that he "likes" Emanuel, he can't understand why Rahm would choose to target organized "working people" in such a way. "Maybe Rattner got confused because you [Rahm] drop a lot of F-bombs," Moore mused. Here are the highlights from his history lesson/tirade:
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Atlantic story here.
