Showing posts with label
Overhaul: An Insider's Account of the Obama Administration's Emerge….
Show all posts
Showing posts with label
Overhaul: An Insider's Account of the Obama Administration's Emerge….
Show all posts
CHARLIE ROSE: Steve Rattner is here. He was the leader of President
Obama’s taskforce on restructuring the automobile industry in the wake of
the financial crisis. That effort became the largest government
intervention in industrial America since World War II. Steve writes about
this experience and more in "Overhaul: An Insider’s Account of the Obama
Administration’s Emergency Rescue of the Auto Industry." I am pleased to
have him back on this program. He used to be the chairman of the board of
Channel 13, our sponsoring station here. He’s a long time friend of mine
and supporter of this program. And I should say that to you in full
disclosure and I’m deeply appreciative of the support of Channel 13 and
Steve for this program. Having said that, let’s talk about you.
Check out the full and entire interview here, at CharlieRose.com
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.
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.
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:
Read the full
Atlantic story here.
