Friday, April 17, 2009

Steve "Chooch" Rattner | Another Obama Headache?

You are such a chooch

What’s a “Chooch” worth? More or less than a quick payday loan or debt consolidation?

Ray Werb writes for Jalopnik that Steve Rattner, President Obama’s “car czar” who has been tasked with leading the Obama administration’s efforts to restructure the auto industry, has been named in an SEC investigation. He’s looking like such a chooch right now…

OK, what’s a chooch?

According to UrbanDictionary.com, chooch is a term “derived from the Italian word ciuccio. It is a derogatory term referring to an irritating, less than intelligent person. But what does this have to do with Rattner? More than you might think.

You see, Mr. Rattner is in charge of an investment firm called the Quadrangle Group. According to the SEC, his investment firm paid more than $1 million for the distribution of a movie named “Chooch” in exchange for New York State pension business. ... click here to read the rest of the article titled "Steve "Chooch" Rattner | Another Obama Headache?"

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