• 23 Feb 2009 at 1:33 PM

Yeah, So That Car Czar Slot You Were Hoping For? Not So Much.

By Bess Levin

You had to know that appointing a “Car Czar” with the kind of powers that might actually get something done when it came to Big Auto was just never going to happen. There is, after all, only one Lord of the Bailout, and he does not share power (unless it is via a gridlocked committee of varied interests and affiliations to make sure every view is represented and no major initiative ever sees the light of day).
Yeah, ok, but you have to give Steven Rattner an “advisory position” after you taunted him with a Czar slot. I mean you can’t take away his favorable taxation setup at Quadrangle Group and deny him the promised Car Czar slot. Sheesh.
Rattner Is Said to Join Treasury as Adviser on Autos [Bloomberg]

Comments (13)

  1. 1
    Posted by guest | February 23, 2009 at 1:40 PM

    First… to drive off a cliff

  2. 2
    Posted by guest | February 23, 2009 at 1:52 PM

    Smart move by Summers in picking someone who is small enough to physically crush, thereby avoiding the somewhat uncertain and time consuming mind-fuck.

  3. 3
    Posted by guest | February 23, 2009 at 1:53 PM

    Now I’m hearing the CNBC trading contest winner is getting shafted on the “payout” structure.

  4. 4
    Posted by guest | February 23, 2009 at 2:08 PM

    By the way EP, awsome lord of the rings reference…

  5. 5
    Posted by guest | February 23, 2009 at 2:30 PM

    @4 – I never thought enough was made of the Nozgul banks receiving (willingly or not) the original TARP funds . . .

  6. 6
    Posted by guest | February 23, 2009 at 2:35 PM

    I am a CEO. What is dealbreaker?

  7. 7
    Posted by guest | February 23, 2009 at 2:37 PM

    yahoo retard here, why is C rallying?

  8. 8
    Posted by Anal_yst | February 23, 2009 at 2:39 PM

    @7
    Hope & Change?

  9. 9
    Posted by guest | February 23, 2009 at 3:05 PM

    @4…Oh, 9 rings (TARP) were given…but they were deceived…

  10. 10
    Posted by guest | February 23, 2009 at 3:10 PM

    Since nationalization of major sectors of our economy became part of the daily discussion they’re a little sensitive about breaking out the “czar” title.

  11. 11
    Posted by guest | February 23, 2009 at 3:18 PM

    so they’re gonna let the guy who still owes money to cerberus for his maxim loans decide whether or not cerberus should get bail out funds? that makes sense…

  12. 12
    Posted by guest | February 23, 2009 at 3:57 PM

    Nearly 30% of respondents to this post are moist over TLOR reference? Did I type dealbreaker.com or everquest.com?

  13. 13
    Posted by guest | February 23, 2009 at 4:07 PM

    If Little Stevie gets this gig right – and that’s hard to say since social maneuvering is not a prerequisite for success here – this could be terrific cover to toss Timmay and let Stevie have the Treasury slot he’s been coveting since….

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