Jan 10, 2011
Steve Rattner just paid ten million dollars to keep out of jail. Rattner was the financial whiz chosen by President Obama as “Auto Czar” over the GM and Chrysler bankruptcies. He orchestrated the attacks: workers’ pay freeze, lost break time, the insane attendance program, the worsening of two-tier and reductions of funds in the retirees’ VEBA medical insurance.
Even the Securities and Exchange Commission and the New York State Attorney General called him a crook – taking money out of state workers’ pension funds, giving kickbacks to pension fund managers.
The government needed a slick crook to steal from auto workers, and sure enough they got one.