![]() Rattner has also made no secret of his desire to one day be Secretary of the Treasury. He has a horse-farm in North Salem, New York, in northern Westchester County, near his friend, New York City Mayor Mike Bloomberg, and is building a 15,575-square foot house on the water in Martha's Vineyard. Rattner's "sprawling" apartment overlooks Central Park and the Metropolitan Museum of Art (where he is on the board). The differences between the two men do not end at the curb. (In full disclosure, I am an investor in Quadrangle Group's first fund and, for a time, reported to Rattner when he ran the Banking group at Lazard.) Neither Rattner nor Bloom would comment for this story. Rattner has been known to fly his own private jet to the Vineyard Bloom drove himself from his home in Pittsburgh to DC, where he is now based. One suspects the sole American vehicle in the Rattner stable is used to drive him from his Fifth Avenue residence to the Seagram's Building in midtown where the Quadrangle Group, a private equity firm he co-founded, is headquartered. According to public records, Rattner, 56, owns a 2008 Lexus LS 460 sedan, a 2007 Audi S4 convertible, a 2006 Mercedes-Benz R350 sport-utility vehicle and a 2005 Lincoln Town Car. Bloom, 53, drives a "weathered" 1997 Taurus. The simplest way to understand who the two men are, and the roles they might play in Detroit's future can be summed up by the cars they drive. Up until the Rattner news broke on Monday, Bloom had every reason to think that he was the administration's lead liaison to Detroit. On paper, the two men have little in common except for the fact that they both worked as investment bankers at Lazard Freres, in New York, and neither one was named "Car Czar," a title that Rattner's name has been bandied about for ever since more high-profiled economic posts in the Obama administration were filled. NEW YORK (Fortune) - When the Treasury Department announced on Tuesday that Steven Rattner, a New York-based financier, would be a counselor to the Secretary of the Treasury, one had to wonder what this meant for Ron Bloom, whom Treasury had tapped last week to be its Senior Advisor on the Auto Industry. GOP House member tells Uganda to ‘stand firm’ in face of opposition to. Ĭolorado secretary of state: Boebert district switch ‘blatant. Marjorie Taylor Greene says daughters’ homes ‘swatted’Ĭalifornia police can no longer ask common question at a traffic stop starting. Maine secretary of state says she’s received threats after removing Trump. GM files $121 million lawsuit against San Francisco House Republicans may have just given their majority away for Christmas īiden’s menthol ban pits civil rights groups against each otherĬolorado GOP chair on Boebert district shift: ‘Don’t think it was the best. ![]() The DEI cosa nostra: Why Claudine Gay will survive Harvard’s antisemitism. Collins: Maine secretary of state’s decision to bar Trump from ballot. ‘That ’70s Show’ actor Danny Masterson begins lengthy sentence at. Mexico emerges as Biden’s immigration Hail Maryīiden on Russia’s aerial attacks on Ukraine: Putin ‘must be stopped’ GOP rep warns House has final say over election after states deem Trump. John Dean: ‘Trump’s in trouble’ after Maine ruling Map: Where marijuana will be legal in 2024 In discussing his support for the UAW, Biden mentioned the 2009 crisis and argued that labor offered concessions at the time that helped keep the U.S. “And he bowed to the progressives, and now he’s going out there to put his thumb on the scale. The progressives all said, ‘We don’t want a mediator we want an advocate,’” Rattner said. Michigan is one of several key states that will help determine the next president. automakers survive the 2009 financial crisis, said he understands the politics behind the visit. Rattner, who worked for the Obama administration on the government program to help U.S. ![]() Biden has been both pro-union and pro-electric vehicle, which - among advocating for better pay and benefits - is a large reason why the autoworkers are striking.įormer President Trump has a visit to Michigan planned for Wednesday, skipping the second GOP presidential primary debate. Biden joined striking UAW members Tuesday in Michigan after a back-and-forth if he would, and should, go.īiden’s trip showed a display of support for unions and marked the first time a sitting president attended a picket line. ![]()
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