Pension Fund Scandal No Trial
Will the Full Story and Cost to New Yorkers Every Get Out?
Hank Morris’ plea deal won’t be released.
NYT Skimps on Facts About Their Advisor Steve Rattner
Hevesi Adviser in Pension Scandal Makes Deal to Plead Guilty to Felony (NYT) Still unsettled is the question of Steven L. Rattner, the financier whose firm, the Quadrangle Group, has admitted to paying Mr. Morris $1.1 million as it sought business with the pension fund. Two weeks ago, Mr. Rattner rejected a settlement offer from Mr. Cuomo that would have required him to pay a $20 million fine, according to a person who had been briefed on the negotiations but was not authorized to discuss them. Mr. Morris is prepared to plead guilty to a single Class E felony under the Martin Act, a sweeping state securities law. He faces up to four years in prison under sentencing guidelines, though as a first-time offender, he may be given more lenient treatment. The S.E.C. has reached a tentative deal with Mr. Rattner, but has held off on finishing it while talks continue with Mr. Cuomo. No criminal charges are being pursued against Mr. Rattner.
Tense Call Led to Rattner Legal Standoff A tense phone call helped lead to a standoff between Andrew Cuomo and Steven Rattner in a pay-to-play investigation of the state's public pension fund.
"During that call, previously undisclosed, Mr. Cuomo said he was troubled that Mr. Rattner's former firm only recently had given investigators certain emails relevant to the probe, long after his office first asked for documents. Mr. Cuomo also questioned whether, based on these emails, Mr. Rattner may not have been fully forthcoming in testimony under oath in 2008 before a grand jury, people familiar with the call said. It isn't clear how his lawyers responded at the time. . . . During that call, previously undisclosed, Mr. Cuomo said he was troubled that Mr. Rattner's former firm only recently had given investigators certain emails relevant to the probe, long after his office first asked for documents. Mr. Cuomo also questioned whether, based on these emails, Mr. Rattner may not have been fully forthcoming in testimony under oath in 2008 before a grand jury, people familiar with the call said. It isn't clear how his lawyers responded at the time." (WSJ)* State Comptroller Tom DiNapoli on the pay-to-play pension fund scandal: “There was a problem with the office. I can’t make that history change, but what I can change is how we’re going to do things in the future.”
NY Post On the Pension Scandal
Albany pension perp admits state $cam Morris could receive as much as four years in prison under sentencing guidelines. Another hearing has been scheduled for Nov. 22. Cuomo's office said Morris may have pocketed as much as $19 million after squeezing massive brokerage fees out of equity and hedge funds that wanted a piece of the state's pension pot. Those companies included the Quadrangle Group, then run by Obama-administration auto-industry czar Steven Rattner.
New York Economic Meltdown Miserable Mets slash 'Citi Failed' tix prices (NYP) * Raising hail for riders Push for cab-fare hike (NYP) * Garages Want a Taxi-Fare Increase (WSJ) *Un-fare taxi proposal: 19% hike & $53 to JFK! (DN) * Can California and New York Be Saved? The two states are symbols of wasteful spending and dysfunctional government. How can Jerry Brown and Andrew Cuomo make a difference? (NYT) * Stuyvesant Appraisal Likely to Hit Junior Debtholders (WSJ) * Silverstein's Four Seasons Lacks Financing Real estate developer Larry Silverstein talked about a stalled construction project -- nope, not the World Trade Center. His Four Seasons Hotel downtown still lacks construction financing. (WSJ) * Bloomberg's Chinese Lessons: Low Taxes, Hardworking Immigrants
New York and California's Thelma and Louise Future
Indebted and Unrepentant by Fred Siegel, City Journal 3 November 2010 New York and California stand virtually alone against the rest of the country. 3 November 2010
Higher Levels of Lead Seen in City Tap Water (NYT)
Is the voter drop-off on the ballot questions because of ballot design? * The Legislature and the Board of Elections, two of N.Y.'s worst, robbed voters of a full say (DN Ed)
Ripping Off the System
Delays at New York Airports Aren’t Improving, U.S. Says (NYT)
Terrorism 'Most of the stupid Taliban are dead' ... but those who remain.... Official: Taliban not as worn-out as Gen. Petraeus wants Americans to believe.
Law and order Pal: 'Suicide' killer got $tiffed (NYP) * School killer to die in prison (NYP) * Pirated Films From Nigeria Are Seized in Brooklyn (NYT) * Mets clubhouse manager Charlie Samuels under investigation for allegedly betting on baseball, theft (DN) * She's no (First) Lady: New gov's gal won't have title (DN) * Gag order in sex statue prince's New York trial (DN) * Mom of slain Pace student sobs on stand over pic of son (DN) * Brooklyn man convicted of 2008 Christmas rape *Cop shoots and injures man who attacked him with a cobblestone
Media and New Tech Movie Review | 'Client 9: The Rise and Fall of Eliot Spitzer': The Really Strange Bedfellows That New York Politics Made (NYT) * Eliot Spitzer on 'Client 9' (Daily Beast) * New York Post's Weiss Defects to DNAinfo.com Scribe broke some of tabloid's biggest recent stories * Keith Olbermann Donated To Three Democrats Last Week, Potentially Violating NBC Rules * Spitzer Media Roll-Out Continues
Some At MSNBC Can Contribute Some Can't?
* Disciplinary Action MSNBC: 'No Time Frame' For Olbermann's Return to Primetime (Updated) * UPDATED: http://mediamatters.org/blog/201011050037Does NBC's ethics policy apply to CNBC anchor Larry Kudlow and MSNBC's Joe Scarborough
U.S. News & World Report Shuts Down Weekly Magazine (Update) * US News & World Report to cease printing magazine
For G.O.P., Big Ambitions Face Daunting Obstacles (NYT) * Tea Party Flexes Muscle with Republicans (NYT) * FiveThirtyEight: How the Pollsters Fared (NYT) * And They're Out! The midterm elections brought a sudden end to the political careers of many senators and representatives. Trading cards commemorate just six of these soon-to-be-cut power players. (NYT Ed) * American Dreamland For many voters, Obama crossed the bridge from American self-reliance to the European nanny state. (NYT) * Let's make deal on tax cuts for rich, Obama says (DN) * Krauthammer: A national restraining order * Rasmussen Polls Were Biased and Inaccurate; Quinnipiac, SurveyUSA Performed Strongly