Bloomberg Clears Rattner
cityfile · 04/23/09 02:52PMSteve Rattner may eventually face civil and/or criminal charges in connection with an alleged kickback scheme involving his investment firm, Quadrangle Group. Many suspect it's just a matter of time before the scandal forces President Obama to oust him as his point man on the auto industry bailout. There's speculation he'll face repercussions from Quadrangle investors as a result of the saga. And even if he manages to avoid any serious legal consequences, there's no question his rep has taken a big blow. But he has one person on his side: Michael Bloomberg!