General Motors’ gargantuan initial public offering should have made this a good day for Steven Rattner, the troubled former car czar and private equity kingpin.
It has not been.
In one of his final acts as Attorney General, Governor-Elect Andrew Cuomo filed two lawsuits against Mr. Rattner, who co-founded the multibillion-dollar firm Quadrangle. Read More
There have been some great hits for the S.E.C. this year, some misses, a record fine and, just this week, another proud moment for New Jersey. In other words, 2010 has been what the Nixon-era S.E.C. chairman William J. Casey would have called an interesting year for financial thumbscrews. ”We’re here today to talk about enforcement,” Read More
Steven Rattner is in trouble. His old firm, Quadrangle, is paying $7 million to the New York Attorney General’s office and another $5 million to the S.E.C. to settle pay-to-play charges, but the settlements explicitly leave Mr. Rattner out.
One year ago Mr. Rattner gloriously left Wall Street, where he was a god of private Read More
For most of the country, news of the involvement of Barack Obama's recently named car czar in an alleged pay-to-play scandal has merely been surprising.
For New York's Democratic fund-raisers and bundlers, it was the day their rarified world fell off its axis.
"We are stunned," Read More
For most of the country, news of the involvement of Barack Obama’s recently named car czar in an alleged pay-to-play scandal has merely been surprising.
For New York’s Democratic fund-raisers and bundlers, it was the day their rarified world fell off its axis.
“We are stunned,” said one prominent Democratic donor.
Steven Read More
