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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Steven Rattner

Steven Rattner stories: 14 news summaries

 Rattner: Why I 
 Fired GM's Wagoner 

Former car czar calls deficiencies 'appalling'

Oct 21, 09 3:33 PM CDT
(Newser) - Barack Obama's former car czar says he had no choice but to fire GM's Rick Wagoner. "Everyone knew Detroit's reputation for insular, slow-moving cultures," Steven Rattner writes in an essay for Fortune. "Even by that low standard, I was shocked by the stunningly poor management that we... More »

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bankruptcy • General Motors • restructuring • Rick Wagoner • Obama administration • Steven Rattner

Rattner May Have Quit Over Pay-to-Play Settlement

New York AG targets ex-car czar's company

Jul 15, 09 8:30 AM CDT
(Newser) - Washington is dying to know why Steven Rattner quit after just months as President Obama’s car czar. One possible reason: New York Attorney General Andrew Cuomo is pushing for a legal settlement with his company for its part in a pay-to-play scandal surrounding the state’s pension fund, sources... More »

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New York • General Motors • Andrew Cuomo • pension funds • Obama administration • President Obama • pay to play • car czar • Steven Rattner

(Newser) - The man tabbed by President Obama to see General Motors and Chrysler through bankruptcy is leaving the post, the New York Times reports. Though Steven Rattner’s former investment firm is under investigation, it’s unclear if that affected his decision. Treasury Secretary Tim Geithner said today that, with both... More »

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Chrysler • bankruptcy • General Motors • auto industry • Obama administration • President Obama • Steven Rattner • Ron Bloom

NYC Probes Rattner's Firm in Pension Scandal

Quadrangle paid finders fees to indicted adviser's company

Apr 22, 09 9:49 AM CDT
(Newser) - New York City authorities are investigating whether Quadrangle Group, formerly led by Obama car czar Steven Rattner, deceived managers of the city's pension funds, the Wall Street Journal reports. Rattner's firm, Quadrangle, paid finders fees to Searle & Co., which had been headed by now-indicted political adviser Hank Morris,... More »

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New York City • New York • New Mexico • corruption • Searle • pension funds • kickbacks • Jeff Bingaman • Steven Rattner • Quadrangle Group • Hank Morris

OPINION

 Obama's Auto 
 Boss Faces 
 Charges of 
 ... Nothing 

Rattner's pay-to-play 'scandal' is common practice

Apr 22, 09 7:49 AM CDT
(Newser) - The press is abuzz over Obama auto-recovery boss Steven Rattner’s ties to a pay-to-play scandal, but every story about Rattner mentions he’s not accused of anything. What he apparently did—paid to receive part of a public pension fund to manage—is “an open practice,” so... More »

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media • press • bribery • political scandal • Obama administration • Steven Rattner • auto task force • pay-to-play

Bailed-Out Banks Don't
Want to Bail Out Chrysler

Lawmakers say rescued banks should cooperate in auto rescue plan

Apr 17, 09 7:44 AM CDT
(Newser) - Auto task force Steven Rattner's request that four big banks write off their $7 billion debt to Chrysler in return for nothing met with a big no from dropped jaws, reports the Washington Post. JPMorgan Chase, Morgan Stanley, Citigroup, and Goldman Sachs are seeking a better deal, but critics argue... More »

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Chrysler • Citigroup • Goldman Sachs • Morgan Stanley • auto industry • bailout • JPMorgan Chase • Wall Street bailout • auto bailout • Steven Rattner

 Rattner, Obama's Auto Chief, 
 Caught Up in Kickbacks Probe 

Source says Rattner linked to pension fund pay-for-play deal

Apr 17, 09 5:52 AM CDT
(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... More »

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private equity • corruption • SEC • kickbacks • Steven Rattner

Auto Task Force to Back More Loans, Push Concessions

Experienced or not, decisions from Obama's task force will come this week

Mar 26, 09 8:10 AM CDT
(Newser) - President Obama’s auto task force will back new loans for General Motors and Chrysler but will ask for more sacrifices from unions, management, and GM’s bondholders, the Wall Street Journal reports. GM and Chrysler have requested $22 billion more atop the $17.4 billion already loaned to them.... More »

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Chrysler • General Motors • financial crisis • auto bailout • Steven Rattner • auto task force

(Newser) - Chrysler and GM could end up needing a “considerably higher” amount than the $21.6 billion so far requested, Bloomberg reports. Steven Rattner, who heads President Obama’s auto task force, said it's possible the request could go as high as $40 billion. He also said that Chrysler’s... More »

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Chrysler • General Motors • Detroit • recession • Federal aid • auto industry • Obama administration • auto bailout • Steven Rattner • auto task force

Obama Auto Team in Detroit Considering $22B More in Aid

GM and Chrysler, both facing collapse, woo more taxpayer dollars

Mar 9, 09 10:28 AM CDT
(Newser) - With the specter of bankruptcy looming over General Motors and Chrysler, President Obama’s auto team is in Detroit today as it considers whether to give the companies $22 billion more in bailout cash, the Wall Street Journal reports. The field trip will include visits to production and engineering facilities... More »

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Chrysler • United Auto Workers • General Motors • auto industry • Chapter 11 • Obama administration • financial crisis • President Obama • auto bailout • Steven Rattner • Chevy Volt

Would-Be 'Car Czar' to Head Auto Task Force

Obama taps financier Rattner as lead in GM, Chrysler restructuring

Feb 24, 09 7:58 AM CST
(Newser) - Steven Rattner has been named chief adviser to the panel tasked with restructuring GM and Chrysler, Reuters reports. The financier was considered the frontrunner to be "car czar" before President Obama opted for a panel rather than a single chief. Rattner, who will leave the private equity firm... More »

MORE ABOUT:
Chrysler • General Motors • Treasury Department • auto industry • Obama administration • President Obama • Timothy Geithner • car czar • Steven Rattner

With Car Czar Delayed,
Automakers Spin Wheels

GM and Chrysler find no one behind the wheel of auto restructuring

Feb 6, 09 9:14 AM CST
(Newser) - Amid the federal appointment frenzy, the lack of a "car czar" has received little attention, but the vacancy is holding up automakers trying to meet restructuring deadlines included in their $17.4 billion federal loan, the Wall Street Journal reports. The loans require General Motors and Chrysler to submit... More »

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Chrysler • General Motors • restructuring • financial crisis • auto bailout • car czar • Steven Rattner

OPINION

Fannie/Freddie Rescue Not Radical Enough

Feds must return GSEs to original purpose of providing liquidity

Sep 9, 08 11:33 AM CDT
(Newser) - The Treasury’s rescue plan for Fannie Mae and Freddie Mac may be “superbly crafted,” Steven Rattner writes in the Washington Post, but it won’t solve the government-sponsored entities’ problems. Continuing as private-sector enterprises is a setup that “simply doesn’t work.” The GSEs had... More »

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Henry Paulson • Freddie Mac • Fannie Mae • Treasury Department • financial crisis • Steven Rattner

ANALYSIS

Cuckold's Web Vendetta Wrecks Banker's Career

Bitter online campaign pays off when ex-wife's disgraced lover resigns

Aug 5, 08 10:59 AM CDT
(Newser) - The resignation last week of a top Wall Street banker, supposedly to “spend more time with his family,” was actually the result of a successful Internet vendetta by the cuckolded husband of a woman with whom Steve Rattner had had an affair. Rattner tells the New York Times... More »

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private equity • Wall Street • Internet • Credit Suisse • sex • affair • Steven Rattner

14 Stories


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