Two things the NYT does not mention in today's story on Rattner spin fight with Cuomo is that the accused is best friends with the publisher of the paper and that economic future of the paper was depending on the GMAC bailout in Washington which Rattner help put together. Cuomo Pension Inquiry Grows Nasty * The NYT Shows Why Cuomo's After Rattner Columbia Journalism Review (blog)* Going after Rattner [UPDATED]Politico (blog)
Is Rattner's wife blackmailing Cuomo Thur the NYT?
Is that a Crime to Threaten the AG?
"In conversations with people in her social circle these days, Maureen White, the wife of the financier Steven L. Rattner, shares a dark prediction: embarrassing information will soon surface about how Attorney General Andrew M. Cuomo has handled an investigation involving her husband."
Where the Jail Time for Lynch? She goes right on doing her consulting corruption * Naming Names
Payoffs, Bribes If your connected all you do is pay a finePat Lynch caught up in pension scandal (DN) Lynch is the second lobbying group to get caught up in the Hevesi pension corruption scandal. The first to pay a fine was Global Strategy Quadrangle Settles with Cuomo, Trashes Rattner; Global Fined Too * Lobbyist Ensnared in Fund Scandal (NYT)
More Pension Scandals
Andrew Cuomo Settles With Ex-Mario Cuomo Aide Jerry Weiss, who worked for the governor-elect’s father in both political and state government roles, admitted to acting as an unlicensed placement agent.
True News Wrote On September 2, 2010The Pension Fund Cover-Up: Billions in Government Funds Will Be Need to Keep the Funds Afloat
Today the NYP Calls It A Bombshell
$120B bombshell State retirement funds in hole. New York state's public pension funds are underfunded by a staggering $120 billion -- and taxpayers will have to shell out an additional $8.5 billion a year by 2015 to keep them in the black, according to a report released yesterday.(NYP)
Albany's Pork Parade Dangle taxpayer cash in front of a New York lawmaker's eyes and you can kiss it goodbye: Much of it is sure to wind up in his or her own pocket. That's the lesson of the endless chain of political scams in Albany -- of which ex-Sen. Vincent Leibell (R-Putnam) is only the latest perpetrator. And the only hope for ending such crimes is to keep lawmakers as far away from the cash as possible. By banning "member items."(NYP Ed)
NYT Talks About Albany's Member Items Abuses, But Does Mention A Word About the Two Year Federal Investigation of the Council's Slush Fund
Loose Money in Albany The system of passing out millions of dollars to friends and favored institutions in New York is in need of drastic reform.
True News Reporting on the City Council Slush Fund
The State Senate Has Another Monserrate Problem
Is attacking your girlfriend with a glass different from attacking a reporter who wants to take your picture? John Sampson on Kevin Parker's misdemeanor charge: "I'm not thinking that this warrants expulsion."
"Closing NYC OTB Will Lead to the Reduction or End of Tax Revenue From All New York's Horse Racing Tracks."
State Senator Eric Adams
OTB sent a high percentage of the money it took in to the NYSRA operators of the state horse racing track. So not only are 800 jobs lost by the lack of senate action the taxes paid by the NYSRA to the state are now going to be reduced. Beating a dead horse (NYP) * NYC OTB closing after Senate nixes rescue plan (WSJ) * State Senate Votes Down OTB Rescue Plan (NY1) * Only two Republicans – Sens. Roy McDonald and Frank Padavan – voted “yes” in the end. The overall vote: 29-21. * New York taxpayers could now be on the hook for $600 million worth of new liabilities due to the bailout bill’s failure.
Black Still Wants Her Kids to Go to Gossip Girl Type Private Schools
Cathie Black Lawsuit No. 2 Norman Siegel and Herbert Teitelbaum * Parent Group Sues State Over Cathie Black Waiver
Black not sure if she'd send her kids to city school (DN) * Cathie in UFT snub (NYP) * For New York, Teachers Still in Idle Limbo (NYT) * 14 More Schools Targeted for Closure * Cathie Black grasps the dire fiscal realities she faces as new schools chancellor (DN Ed) * CSEA acknowledged the Paterson administration’s plan to lay off some 900 state workers is legal due to exploitation of a “loophole.”* Incoming NYC Schools Chancellor Cathie Black has been too busy to meet with UFT President Michael Mulgrew.