High Life

25 April 2009

Movers and shakers

Now for the big one: in a 123-count indictment issued last month, two people were accused of selling access to investment firms in the New York state — get this — $122 billion pension fund. In other words, two men working for the comptroller are said to have taken kickbacks in the millions for giving access to the pension fund. Among the firms given access was — yes, you guessed it — Quadrangle Capital. Quadrangle won $100 million worth of business from the pension fund. Rattner is supposedly co-operating fully and is not accused of breaking any laws or paying kickbacks. Before accepting the Obama offer Rattner was angling for Treasury, but wiser heads prevailed.

Mind you, the bigger the corner cut, the less people are likely to resign. (Our very own Jacqui Smith is a perfect example.) Rattner should never have gotten the job of car-tsar, and the new administration should have appointed someone with no questions to answer and with less access to billionaires who became billionaires on the back of Wall Street and Washington insiders. It goes to the heart of public integrity, but integrity is a word few know how to spell nowadays. The Rat should resign and go back to social climbing in New York.

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Gil

April 24th, 2009 8:12pm Report this comment

What the...? Who even cares about this person? Oooh a social climber, so unlike Taki...

But we know exactly why Taki doesn't like him...it's to do with the name, silly. Taki's most favourite people again. And of course the use of the rodent to describe these said people, soooo reminiscent of a certain government in the 20th century in Europe, certain aspects of which Taki admires.

By the way, a few weeks ago Taki promised us that Mossad was involved with Madoff. We are still waiting for the evidence Taki.

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