peHUB: Steve Rattner buys $4 million house before leaving DC

By Reuters Staff
July 16, 2009

Dan Primack reports:

When Steve Rattner stepped down as auto czar earlier this week, Tim Geithner said the following: “Steven Rattner, whose leadership and vision were invaluable to the Auto Task Force’s efforts, has decided to transition back to private life and his family in New York City.”

Almost sounds as if he’d been just renting in DC, and that the Big Apple itch became unbearable. Except…

We’ve learned that Rattner bought a $4.35 million home in Washington D.C. just two months ago. Now why would you spend that much money – including more than $1 million up-front – if you weren’t planning a long-term stay?

Click here to read the full story and view more pictures of Rattner’s house.

More on Rattner:

Rattner leaves autos force, probe intensifies

After autos, Rattner faces next challenge

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