"SEC seeks to ban former 'auto czar' from Wall St. activities..."

[WhiskeyGirl]

SEC seeks to ban former 'auto czar' from Wall St. activities for up to 3 years

By David Cho
Washington Post Staff Writer
Thursday, June 3, 2010

Last July, the Obama administration's "auto czar," Steven Rattner, unexpectedly stepped down after guiding the federal government's bailout of the auto industry for five months.

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.

When Rattner decided to leave in July, Geithner and other senior administration officials agreed it was better to let him go in case the pension probe began to focus on Rattner, a source said. Geithner released a statement at the time that was hopeful of Rattner's return to Washington.

"Steven Rattner, whose leadership and vision were invaluable . . . has decided to transition back to private life and his family," Geithner said. "I hope that he takes another opportunity to bring his unique skills to government service in the future."

Rattner is now living in Manhattan and working on a book about the restructuring of the auto industry.

more here - http://www.washingtonpost.com/wp-dyn/content/article/2010/06/02/AR2010060204644.html

Hmmm...penion bailouts funded by taxpayers, auto bailouts funded by taxpayers...

What kind of retirement plan do Czar's get?