Steve Rattner: The Kickback Scandal Is The Most Painful Thing That's Ever Happened To Me

Shortly after he left his post as the car czar within the Obama Administration, Steven Rattner found himself mired in a scandal involving his private equity firm Quadrangle.

Specifically, Rattner was accused of bribing a New York pension official in exchange for Quadrangle managing a part of the pension fund. Rattner settled the SEC charges this week, reportedly paying a $5 million fine and agreeing to a temporary bar from the securities industry.

In an exclusive interview, Rattner says that the investigation of his involvement in this "pay-to-play" scandal is the most painful thing he's ever experienced throughout his (amazing) career.

http://www.businessinsider.com/

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News & Politics

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• Business Insider
• Henry Blodget
• Driven Leaders
• Steven Rattner
• Barack Obama
• Car Czar
• Quadrangle
• Kamelia Angelova
• William Wei