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.
