Difference between revisions of "Steven Rattner"
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| − | Steven Rattner is an [[American]] [[financier]], a founder of the Quadrangle group, and was appointed "car czar" in [[Obama Administration]]. He previously served as a reporter for the [[New York Times]], advocating [[liberal]] approaches to economics, and | + | Steven Rattner is an [[American]] [[financier]], a founder of the Quadrangle group, and was appointed "car czar" in [[Obama Administration]]. He previously served as a reporter for the ''[[New York Times]]'', advocating [[liberal]] approaches to economics, and continued to endorse such positions during his tenure as czar. |
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| + | As a czar, Rattner was not accountable to anyone except [[President Obama]], and his responsibilities were similarly nebulous. Since his position is not a true cabinet post, Rattner did not need to be confirmed by the full Senate Like other Obama appointees, he is a strongly partisan choice with many ties to the Democratic party establishment. | ||
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| + | Rattner headed up the President's Task Force which restructured [[General Motors]] and [[Chrysler]] and wiped out exisitng shareholders.<ref>http://zerohedge.blogspot.com/2009/05/gm-is-officialy-wiping-out-common.html</ref> After Rattner's resignation under a cloud as car czar, Rattner paid $6.2 million in settlements with the [[Securities and Exchange Commission]] for his role is a pay-to-play scandal.<ref>http://ca.news.yahoo.com/s/cbc/101118/business/business_rattner_settles_sec</ref> Rattner's wife Maureeen is the National Finance Chair of the [[Democratic Party]]. | ||
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| + | ==Referencesa== | ||
| + | {{reflist}} | ||
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[[Category:Obama Administration Czars]] | [[Category:Obama Administration Czars]] | ||
Revision as of 20:20, November 22, 2010
Steven Rattner is an American financier, a founder of the Quadrangle group, and was appointed "car czar" in Obama Administration. He previously served as a reporter for the New York Times, advocating liberal approaches to economics, and continued to endorse such positions during his tenure as czar.
As a czar, Rattner was not accountable to anyone except President Obama, and his responsibilities were similarly nebulous. Since his position is not a true cabinet post, Rattner did not need to be confirmed by the full Senate Like other Obama appointees, he is a strongly partisan choice with many ties to the Democratic party establishment.
Rattner headed up the President's Task Force which restructured General Motors and Chrysler and wiped out exisitng shareholders.[1] After Rattner's resignation under a cloud as car czar, Rattner paid $6.2 million in settlements with the Securities and Exchange Commission for his role is a pay-to-play scandal.[2] Rattner's wife Maureeen is the National Finance Chair of the Democratic Party.