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Steven Rattner Quote

Neither the George W. Bush nor the Obama administrations volunteered to bail out G.M., Chrysler and other parts of the auto sector. Both subscribed firmly to the longstanding American principle that government should resolutely avoid these kinds of interventions, particularly in the industrial sector.

Steven Rattner

Neither the George W. Bush nor the Obama administrations volunteered to bail out G.M., Chrysler and other parts of the auto sector. Both subscribed firmly to the longstanding American principle that government should resolutely avoid these kinds of interventions, particularly in the industrial sector.

Tags: american, avoid, should

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About Steven Rattner

Steven Lawrence Rattner (born July 5, 1952) is an American investor, media commentator, and former journalist. He is currently chairman and chief executive officer of Willett Advisors, the private investment firm that manages billionaire former New York mayor Michael Bloomberg's personal and philanthropic assets. He began his career as an economic reporter for The New York Times before moving to a career in investment banking at Lehman Brothers, Morgan Stanley, and Lazard Freres & Co., where he rose to deputy chairman and deputy chief executive officer. He then became a managing principal of the Quadrangle Group, a private equity investment firm that specialized in the media and communications industries.
In 2009, Rattner was named lead adviser to the Presidential Task Force on the Auto Industry. He has also been an economic analyst for MSNBC's Morning Joe, and as a contributing opinion writer for The New York Times op-ed page.