Rattner and DiNapoli Issue Statements

Steve Rattner today broke his silence on the pay-to-play scandal, just hours after being fingered as the badie by his former partners. What follows is his brief statement, via attorney Jamie Gorelick:

“Mr. Rattner does not agree with the characterization of events released today, including those contained in Quadrangle’s statement. Mr. Rattner shares with the New York Attorney General the goal of eliminating public pension fund practices that are not in the public interest. He looks forward to the full resolution of this matter.”

Also defending himself was Thomas DiNapoli, the current New York comptroller whose office also is under investigation (as confirmed during Cuomo’s press call earlier today). His comments were a bit more detailed, and follow in full below:

“I am outraged by the criminal acts that occurred during the Hevesi Administration. Anyone who has violated the law and the public trust must be held accountable.

As the Attorney General’s investigation has revealed, I inherited a mess. But it is a mess that I have fixed. I have thoroughly and methodically evaluated and reformed the operations and investment policies of the Pension Fund.

While some public officials have touted proposals of varying merit, I have ended the potential for the shameful corruption that had plagued the Pension Fund. I have banned placement agents and lobbyists and ended “pay to play” in the pension system. I continue to urge the SEC to implement a national ban on “pay to play.”

I have managed the Office of the State Comptroller and the New York State Common Retirement Fund with transparency and integrity from the start of my tenure. Any suggestion or innuendo to the contrary is baseless.

The Attorney General was asked today whether I have been interviewed as part of this investigation. The answer is no.

I have built my career in public service on honest and ethical behavior. My decisions and reforms protect the interests of the one million members of the New York State Common Retirement Fund and the taxpayers.”