Tag Archives: steven rattner

Ron Bloom Resigns as Assistant to the President for Manufacturing Policy. Was Key Player in Auto Bailouts

Bloom was part of a team headed by Stephen Rattner at the U.S. Treasury Department that was responsible for forcing drastic bankruptcy restructurings and CEO firings at General Motors and Chrysler as they were on the verge of being liquidated in 2009. Continue reading

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Chrysler Pays Back Taxpayers. Fiat Now Firmly in Control

The historic bailout differs this time around in what’s left and more importantly who owns it – along with the familiar, nagging question, can Chrysler make it? The new Chrysler Group is now firmly, irrevocably in the hands of Fiat, an Italian multinational firm, which has a global fight in front if it as it too competes to survive in an automobile business dominated by much stronger competitors. Continue reading

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Ex Car Czar Rattner Settles Bribery Charges for $10 Million

Steven Rattner, the Obama Administrations’ former “car czar,” has settled bribery charges in New York by paying a $10 million fine and agreeing to banishment from appearing before any public pension fund within the State of New York for five years. … Continue reading

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Ex Car Czar Settles with SEC; Sued for Bribery by New York

As General Motors stock successfully returned to public trading yesterday, Steven Rattner, 58, the Obama Administrations’ former “car czar,” was sued by New York’s Attorney General for using bribes to secure $150 million in investments for his former firm, the Quadrangle … Continue reading

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