Auto Czar Made $100M In Hedge Funds And Is Building $15M Home Amid Calls For "Sacrifice"

If he's got the money to spend, he can do whatever the hell he wants

— JMB1013 (View Profile)

Posted on 5/18/2009 5:18:20 PM | reply to this comment | Votes: 3   

Do as I say, not as I do....

— AMiodynski (View Profile)

Posted on 5/18/2009 5:19:33 PM | reply to this comment | Votes: 1   

What an idiotic article...

If he's got the money to spend it, it will help the economy circulate much needed money. "Sacrifice" means do not live beyond your means.

— ThierryHenry14 (View Profile)

Posted on 5/18/2009 5:37:53 PM | reply to this comment | Votes: 5   

It is his money and he can do whatever he wants with it ???

So smart people who studies hard and went to college are supposed to sacrifice and not dropouts who were too busy with sluts and drugs ?

— Lamborghini_vs_Ferrari_Racer (View Profile)

Posted on 5/18/2009 6:55:27 PM | reply to this comment | Votes: 4   

Studied and worked hard*

— Lamborghini_vs_Ferrari_Racer (View Profile)

Posted on 5/18/2009 6:55:53 PM | reply to this comment | Votes: 3   

What, Politicians should have the trappings of kings. (Well, if they do a good job for the people!!!)

— HyundaiSmoke (View Profile)

Posted on 5/18/2009 9:13:03 PM | reply to this comment | Votes: 0   

Rattner in news because "placement agents" who recommend pension fund directors to certain hedge funds. Rattner gets 1% "finders fee" along with other management fees. One percent of 500 million, you do the math. Go get them D.A. Cuomo.

— Dr550 (View Profile)

Posted on 5/18/2009 9:20:56 PM | reply to this comment | Votes: 2   

Wow, a politician is richer than the average American, wait isn't Obama a socialist, shouldn't he have ooted this man's bank account by now? You people are so hypocritical sometimes. Obama's either criticized for for his progressive policies, or criticized for having people in his administration that have been successful capitalists. Maybe he knows that you need a little of both. I don't remember any of this political hatemongering on this site while we were being led down the paths to ruin by Bush. I know 009 is a good ol boy Texan who clearly misses his homeboy, W. What's 001's excuse?

— thetruth01 (View Profile)

Posted on 5/18/2009 10:54:29 PM | reply to this comment | Votes: 3   

I don't come to Austospies to read articles on politics (let alone one sides ones) 001, I don't recall you posting a constructive comment/article about George Bush but I just remembered that you live in Orange County...maybe you shour rename this site to "Auto Spies and Agent 001's Political Views"...

— SixxFive (View Profile)

Posted on 5/19/2009 12:00:29 AM | reply to this comment | Votes: 1   

Am I on Autospies or Foxnews? Kind of hard to tell nowadays.

— Badgewhore (View Profile)

Posted on 5/19/2009 12:39:03 AM | reply to this comment | Votes: 2   

http://www.autospies.com/news/Bush-Administration-Tells-GM-It-Will-Not-Provide-Cash-To-Buy-Chrysler-36841/

http://www.autospies.com/news/Bush-to-halt-deposits-to-Strategic-Petroleum-Reserve-5642/

http://www.autospies.com/news/January-Hybrid-Car-Sales-Tank-40774/

http://www.autospies.com/news/WSJ-BMW-Audi-and-MB-face-tough-times-41059/

http://www.autospies.com/news/A-Totally-Green-Rental-Car-Agency-a-Unique-Concept-7109/

Plenty more articles with Bush...just that no one cared

001

— Agent001 (View Profile)

Posted on 5/19/2009 12:51:04 AM | reply to this comment | Votes: 1   

I agree with the first post; it's his money and he may do with it as he pleases.

Now, were he earning such money as a public servant or through collusive behavior as the result of that position, then it would be a different matter. That, however, does not appear to be the case.

— cdoke (View Profile)

Posted on 5/19/2009 12:27:20 PM | reply to this comment | Votes: 1   

Posting is our way of voting for what we like. No posts and the subject is dead. Lots of posts and you can be sure that we'll get more like it in the future.

I believe information like this matters and I'm glad that 001 throws them up on the board.

In this case, its clear that Mr. Rattner probably cares little about the "little guys" whose jobs are at stake in the domestic auto industry and more about his political standing among his rich and wealthy friends. Car czar today - Cabinet position tomorrow?

— thstone (View Profile)

Posted on 5/19/2009 12:56:37 PM | reply to this comment | Votes: 1   

It's his mony and he can do whatever he pleases with it. Look at Bloomberg in NYC. Excellent work and a billionaire on the side.

— Caraficionado (View Profile)

Posted on 5/19/2009 1:00:52 PM | reply to this comment | Votes: 2   

Yes, it's his money and he should be able to do what he wants with it. The problem is when that right isn't also afforded to non-politically connected people as well, as in the case of Chrysler investors and victims of punitive taxation. Of course, Obama is the definition of "do as I say, not as I do." This is the same man who just shamelessly spoke against the evils of deficit spending right after quadrupling the deficit and passing the largest debt financed spending bill in history.

— fuelfool (View Profile)

Posted on 5/19/2009 6:43:18 PM | reply to this comment | Votes: 1