Sunday, April 19, 2009

Yet another Obama appointee in trouble with the law

And the lucky guy this time is ................. Steven Rattner.

As seen on Bloomberg:

A Quadrangle spokesman said the company worked with Morris’s firm, Searle & Co., but said there was no payment. Rattner, 56, left Quadrangle, which oversees more than $6 billion, when he joined the Obama administration Feb. 23.

Carlyle paid $150,000 to Morris or his company after he brokered a $20 million placement by the New Mexico council in a Carlyle fund. Morris also aided a $20 million New Mexico investment in Quadrangle, the council disclosed.

More than 60 funds disclosed their brokers to New Mexico officials, while another 110 said they didn’t have any third- party relationship. The remaining funds didn’t respond.

I am sure the Morris payments were made after Feb. 23, and Mr. Raddner had absolutely no knowledge of the payments or his firm's relationship with Morris.

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