Breaking from NY Times: Rattner to Pay $ 10 Milliion in restitution

[Mira]

Financier Steven L. Rattner to Pay $10 Million in Restitution, Cuomo Says

The investment banker Steven L. Rattner agreed on Thursday to
pay $10 million to settle influence peddling accusations in
New York.

The New York Attorney General Andrew M. Cuomo had initially
sought $26 million in fines and penalties and a lifetime ban
from the securities industry.

As part of the deal, Mr. Rattner admitted no wrongdoing, but
did agree to a five-year ban from appearing in any capacity
before any public pension fund within the state.

Mr. Cuomo's office had filed civil lawsuits against Mr.
Rattner in November, accusing him of paying kickbacks to help
his company land $150 million in state pension fund
investments in 2004 and 2005. He had denied the charges.

Read More:
http://dealbook.nytimes.com/2010/12/30/rattner-settles-with-cuomo/?emc=na

[tularetom]

1. If you have enough dough you can buy your way out of anything

If you are a former vice president of the US you can bribe your way out of bribery charges in a foreign land.

You can even get the US government to sweeten the pot a bit.

Remember the golden rule - those who have the gold, etc. etc. etc.

[jody]

2. Corporate State of America . . . with liberty and justice for sale."

[rhett o rick]

3. Why no criminal charges? The rich get to buy their way out. nm