Rattner reports worth as at least $188 million
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Steven Rattner, the head of President Barack Obama’s auto-bailout program and a man who has been linked to a New York pension scandal that has spread to New Mexico and beyond, was worth at least $188 million when he took the government job in February, the Wall Street Journal is reporting. That’s according to Rattner’s financial disclosure form. His worth includes, according to the Journal, “a sizable holding in an investment fund operated by the owner of Chrysler LLC.” Rattner, as I’ve previously written, gave $5,000 to Gov. Bill Richardson’s 2002 gubernatorial campaign and $15,000 to Richardson’s 2006 re-election bid, according to the money-in-politics Web site followthemoney.org. Richardson heads the State Investment Council (SIC), which manages the state’s investments. In October 2005, the SIC voted to invest $20 million with Quadrangle Group LLC. Continue Reading