Obama’s car czar named in SEC probe

When has an administration started with so many problems. It almost appears that to qualify for service in the Obama administration one needs to be politically or financially corrupt - or both.

From the report at the link below:

In March, Steven Rattner (pictured), the leader of the Obama administration's auto task force, was the man who sat face to face with General Motors CEO Rick Wagoner at a Treasury Department meeting and fired him.

Now it's Rattner's turn in the hot seat.

The Wall Street Journal reported Thursday night that Rattner was involved with payments at the center of an investigation into an alleged kickback scheme at New York state's pension fund.

For the Obama administration, the revelation of Rattner's involvement in the deal is likely to cause a political headache at a time when the president is set to decide on the ultimate fate of General Motors and Chrysler, the car companies that are living on government bailout money and facing a strict timetable to reconstitute their businesses.

The Wall Street Journal said that Rattner disclosed the pending investigation during the vetting process of the presidential transition.

That will raise uncomfortable comparisons to Treasury's top official, Secretary Timothy Geithner, who failed to correctly pay his taxes, but was nonetheless supported for the position by President Barack Obama in the face of stiff criticism at the time.

The culture of corruption in the Obama administration remains alive and well.

Link