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  • Obama’s Former Car Czar Caught in Scandal: What about the Vetting Process?

    11/18/2010 6:42:42 PM PST · by Behind Liberal Lines · 8 replies
    Federal Review ^ | 11/18/10
    President Obama's original car czar has been sued for corruption in New York: Former Obama administration official Steven Rattner was sued by the US Securities and Exchange Commission (SEC) and New York Attorney General Andrew Cuomo Thursday for his role in a pay-to-play scheme involving New York's pension fund. Rattner, the former auto czar, agreed to pay $6.2 million and to a two-year ban from associating with any investment adviser or broker-dealer to settle the SEC allegations, the SEC said Thursday. Separately, Cuomo's office filed two lawsuits against Rattner, seeking at least $26 million and an immediate lifetime ban from...