The president’s former auto-czar, Steven Rattner, isn’t happy that Mitt Romney is using Rattner’s pro-Bain Capital quotes in an ad and has taken to the New York Times today to hit Mitt Romney, but defend the private-equity industry.

And Rattner was just on MSDNC with Andrea Mitchell saying basically what he said in today’s NYT.

Missing in both the NYT account and on MSDNC were the recent settlements Rattner reached with the State of New York and the SEC for actions that happened while he was at the private-equity firm Quadrangle.

I guess only private equity managers who are fined millions of dollars and donate to the Obama campaign are the good kind of private-equity managers.