From the “we’re in the best of hands with the Obama administration” category comes news that the man who orchestrated the auto company bailout, Steven Rattner, is the target of a federal investigation. He resigned unexpectedly in July, saying, in Lone Ranger-ese, my work here is done. But it’s now clear that wasn’t the reason:
Rattner kept quiet when he resigned, but associates told news outlets that he was leaving because the auto companies were emerging from bankruptcy and his primary work was coming to an end.
In fact, Rattner was also being advised by his lawyers to make himself a lower-profile target for federal and state investigators who were probing whether he had paid off a middleman to win a lucrative contract from New York’s pension system while he worked on Wall Street, a government source said Wednesday.
That Obama, he really knows how to pick ’em.
