I smell a Rattner

And now we have another money scandal from our hopeful Administration. This time it's involving the poor taste and poor cover up skills of the new Car Czar. I guess if you've got some skeletons in your closet it's better to do community service for Obama than do time in the can.

clipped from online.wsj.com President Obama's auto fix-it man, Steven Rattner, is in the news as one of the Wall Street financiers hit up for big money as part of New York state's unfolding pension-kickback scandal. This is the same political class that has been blaming banks for "greed" in the financial crisis. The pension fund scandal exposes the myth of the superior virtue of the public and nonprofit worlds. Greed is universal. And the opportunity for corruption is enormous when political discretion is tied to vast sums of public money. In Mr. Rattner's case, SEC documents say he met with the brother of Mr. Loglisci to discuss acquiring the DVD rights to "Chooch," a low-budget movie that Mr. Loglisci and his brothers were producing. Quadrangle, through an affiliate called GT Brands, agreed to acquire the rights for about $89,000. Several weeks later, Mr. Loglisci told Mr. Rattner that Quadrangle would be getting a $100 million investment from the pension fund.