The status of Wall Street financier Steven Rattner remains unresolved in the pension fund case.
Quadrangle was founded by Steven Rattner, formerly vice chairman of Lazard Freres, along with three other executives from that firm, in 2000.
Others, like Steven Rattner, got into legal trouble when federal regulators and state prosecutors asked questions about how they raised pension fund money.
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Many critics, including Steven Rattner in the NY Times recently, have written about the potential unintended consequences of the lifting on the ban on advertising.
As the lead advisor to the U.S. Treasury Department in restructuring bankrupt Chrysler and General Motors, Steven Rattner helped decide the fate of both companies.
Steven Rattner, who was put in charge of the auto bailout and turnaround, told Reuters in a recent interview that the administration wants to recover as much as it can as quickly as it can.
In November, financier Steven Rattner agreed as part of a settlement with the SEC over alleged influence-peddling at New York's flagship pension fund to not associate with any investment adviser or broker dealer for two years.
As leaked to the New York Times and Wall Street Journal this morning, Wall Street and Washington power broker Steven Rattner appears on the verge of walking away from a multi-million bribery scandal with a wrist-slap.
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In negotiations held in March between Steven Rattner, the investment banker who leads the task-force, and Sergio Marchionne, Fiat's boss, Fiat agreed to scale back its initial stake to 20% and not to increase it beyond 49% until Chrysler had repaid American taxpayers in full.
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