BuckeyeBlog

UPDATE OF “WE’RE NOT MAKING THIS UP”:

According to the Wall Street Journal:  “Steven Rattner, the leader of the Obama administration’s auto task force, was one of the investment-firm executives involved with payments now under scrutiny in a state and federal investigation into an alleged kickback scheme at New York state’s pension fund…”

  

Oh, of course!  It is Mr. Rattner’s little known expertise in public pension funds that makes him a wise appointment by the President.  After all, what are the Big Three but pension and benefit funds?  And since General Motors is essentially Government Motors, their pensions now essentially public obligations.

Or perhaps the President saw that Mr. Rattner’s particular skill at landing investment banking accounts will serve him well in dealing with the UAW?

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