Source says Rattner linked to pension fund pay-for-play deal
(NEWSER) - Steven Rattner, the head of President Obama's auto task force, is involved in an SEC probe of a kickback scandal involving New York state's pension fund, a source tells the Wall Street Journal. Rattner is not accused of any wrongdoing, but is believed to have directed a $1.1 million payment from his private equity firm Quadrangle to an intermediary who steered an investment of $100 million from the fund Quadrangle's way. More»
