Annie
Diamond Member
- Nov 22, 2003
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With this type of clarity, we may be wishing for more fog:
washingtonpost.com
washingtonpost.com
Obama Standing By Rattner; White House Knew of Probes
Auto Task Force Chief's Pension Fund Dealings Under Scrutiny
By Tomoeh Murakami Tse and Peter Whoriskey
Washington Post Staff Writers
Saturday, April 18, 2009
President Obama has full confidence in auto task force chief Steve Rattner, the president's spokesman said yesterday, despite disclosures that the former Wall Street financier was involved in business dealings now under investigation by New York and federal authorities.
At the heart of the two-year probe are millions of dollars in payments from investment firm Quadrangle Group, co-founded by Rattner in 2000, and about a dozen other private-equity firms and hedge funds. These payments went to middlemen who connected the firms to New York's $122 billion pension fund.
White House press secretary Robert Gibbs, citing news coverage of the investigation, said that Rattner is "not accused of doing any wrongdoing and is not likely to face either criminal or civil charges as it relates to this."
Rattner had informed the administration of the pending investigation during the transition, Gibbs said....