Friday, January 9, 2009

Romney not likely to get "Car Czar"

Hardly surprising, considering Mitt's recent move to Marriott International, but nevertheless there had been some hopeful speculation last month.

Likely Czar? Steve Rattner.

Known for brokering investment media deals, Rattner began his career as a reporter with the New York Times before leaving for the greener pastures of Wall Street. There, he rose quickly at places like Lehman Brothers, Morgan Stanley, and Lazard Frères. Mr. Rattner is highly regarded for his financial acumen -- so highly that a year ago, New York Mayor Michael Bloomberg put his fortune -- estimated to be worth as much as $13 billion -- in Rattner's hands.

[Hat tip: Mike Allen]