Friday, April 17, 2009

But Don't Worry, Ogabe's Clean ...

clipped from www.nypost.com

ALBANY -- President Obama's point man in the auto-industry rescue was linked by the feds yesterday to New York state's massive pay-to-play pension scandal.

The Securities and Exchange Commission said an executive, identified by sources as Steven Rattner, used a politically connected middleman to steer a $150 million pension investment to the private equity firm he headed, Quadrangle Group LLC.

The investment deal was wrapped up after Quadrangle put big bucks into a dud movie produced by a brother of the pension-fund manager, according to the complaint.

... because he drives the bus.