(‘76 Contributor) In 2009, the Auto Task Force under the US Treasury Department and its head, Steve Rattner, Obama’s Car Czar, entered into negotiations with Chrysler and GM (auto manufacturers) to “save” the auto industry. Herein, the auto task force, without inside knowledge of the industry, pressured the manufacturers to reduce the number of dealerships and fast tracked the government-managed bankruptcy to do just that. This did not allow for due process in the bankruptcy court. Continue reading
(‘76 Contributor) Well, well. Steve Rattner is now a spokesperson for the Obama re-election campaign and has specifically been speaking about financial matters. Rattner has appeared on both CNN and Fox. In a July 22 interview with CNN’s Fareed Zakaria, Rattner questioned Mitt Romney’s tax returns.
But as Rattner proclaims his expertise as “an equity guy” to Zakaria and condemns Romney for allegedly sleazy financial dealings, Continue reading