Did Car Czar Rattner Leave In Scandal?
We hailed Steve Rattner yesterday for going out on top, for a job well done as head of the auto task force, successfully shepherding two unweildly car companies through bankruptcy. But already there’s speculation that this is more than just a matter of him saying ‘my job is done here.’ WSJ: The New York Attorney General’s office in recent weeks has intensified its scrutiny of the private equity firm Quadrangle Group and its co-founder Steven Rattner as part of its so-called pay-to-play pension investigation, according to a person familiar with the matter. There is no indication of a connection between the heightened scrutiny and Mr. Rattner’s decision to step down on Monday as the Obama administration’s top auto adviser. Yesterday, within minutes of Rattner’s announcement, we pointed to a Tweet from peHUB’s Dan Primack ominously warning that Rattner would be in the news again this summer, and not for cars. Later he broke the 140-word mark to expound on his situation: Rattner almost cer
