Steven Ratner, Obama’s pick as the Czar to run our newly-nationalized automobile industry, is under investigation for soliciting kick backs from New York State’s pension fund. Oops! Perhaps he can be a cabinet member, instead.
Steven Rattner, the leader of the Obama administration’s auto task force, was one of the executives involved with payments under scrutiny in a probe of an alleged kickback scheme at New York state’s pension fund, according to a person familiar with the matter.
A Securities and Exchange Commission complaint says a “senior executive” of Mr. Rattner’s investment firm met with a politically connected consultant about a finder’s fee. Later, the complaint says, the firm received an investment from the state pension fund, then paid a $1.1 million fee.
The “senior executive,” not named in the complaint, is Mr. Rattner, according to the person familiar with the matter. He is co-founder of the investment firm, Quadrangle Group, which he left to join the Treasury Department to oversee the auto task force earlier this year.
White House advisors on TARP received millions from TARP recipients.
Lawrence Summers, a top economic adviser to President Barack Obama, pulled in more than $2.7 million in speaking fees paid by firms at the heart of the financial crisis, including Citigroup, Goldman Sachs, JPMorgan, Merrill Lynch, Bank of America Corp. and the now-defunct Lehman Brothers.
He pulled in another $5.2 million last year from D.E. Shaw, a hedge fund for which he served as managing director from October 2006 until joining the administration.
Thomas E. Donilon, Obama’s deputy national security adviser, was paid $3.9 million last year by the power law firm O’Melveny & Myers to represent clients, including two firms that received federal bailout funds: Citigroup and Goldman Sachs. He also disclosed that he’s a member of the Trilateral Commission and sits on the steering committee of the supersecret Bilderberg group. Both groups are favorite targets of conspiracy theorists.
And White House Counsel Greg Craig last year earned $1.7 million in private practice representing an exiled Bolivian president, a Panamanian lawmaker wanted by the U.S. government for allegedly murdering a U.S. soldier and a tech billionaire accused of securities fraud and various sensational drug and sex crimes.
Oh my gosh – did you see that bit about Donilon? He’s a member of the Trilateral Commission!! Call Lyndon LaRouche! Call John Birch! The UN’s black helicopters have landed on the White House lawn!
With Cheney and Bush gone, our country can return to a Justice Department that seeks only to serve the interests of “The People” with no room for partisan politics. It’s been a dark nightmare but a new dawn is breaking and self-styled “Democratic Political Strategist” Donna Brazile is lecturing all career Justice Department employees on the merits of that new approach. Paid for with your tax dollars, of course.