Sunday, April 19, 2015

NY pension probe touches US auto czar

US auto restructuring chief Steve Rattner and his former firm are among those whose actions have been scrutinized in a federal investigation of corruption in New York State's giant pension fund.

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.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano
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