NY pension probe touches US auto czar


The firm formerly run by Steve Rattner, the onetyime NY Times reporter turned investment banker (Comcast was a client) and Democratic Party fundraiser who Obama tapped as his automobile industry reorganizer-in-chief, has been under scrutiny by the SEC for its role in alleged pay-to-play at New York State's pension fund, reports the Wall Street Journal here. Not clear if SEC considers Rattner's Quadrangle, the giant Carlyle Group, and other firms to have been corrupters or victims of greedy state officials. Rattner hasn't been accused of wrongdoing, and the Journal doesn't say how well the state's investment did.