The Huffington Post has excerpts of Steven Rattner's new book Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry. Highlights? Rahm Emanuel brags that his office is bigger than Vice President Biden's. Mr. Rattner says that Senator Schumer had vouched for Hank Morris, the placement agent "indicted on 123 counts of fraud," as a "straight shooter." More:
Rattner reserves some of his harshest criticism for Sheila Bair, the respected head of the Federal Deposit Insurance Corporation, accusing her of getting in the way of a deal between GMAC and Chrysler Financial by stubbornly pursuing her own agenda and even lying to Tim Geithner.
What is it with Sheila Bair that the Wall Street Journal editorial page and the Huffington Post both fawn over her? "Respected" by whom? Not by Washington Mutual shareholders who had their bank seized.