Overhaul: Obama's Emergency Rescue of the Auto Industry

FRI, OCT 15, 2010 (51:23)

Steven Rattner discusses the story behind the bailout and his new book, Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry.

The first real look inside Team Obama mixes political warfare and big business shakeups in equal proportions, and comes from a uniquely informed source. From his Steven Rattner's vantage point at the helm of the historic auto-industry intervention, Rattner explains the political brinkmanship, corporate mismanagement, and personalities under pressure in a high-stakes clash between Washington and Detroit. He also explains the tough choices he and his team made, working against a ticking clock and facing vocal opposition from free market champions, to keep Chrysler and General Motors in operation.

+ BIO: Steven Rattner

Steven Rattner, counselor to the Secretary of the Treasury, led the Administration's efforts to restructure the auto industry. Prior to that, he was Managing Principal of Quadrangle Group, LLC. At Lazard Freres & Co. he was Deputy Chairman/Deputy Chief Executive Officer, after tenures at Morgan Stanley and Lehman Brothers. He was also employed by the New York Times for nearly nine years, principally as an economic correspondent.

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Harvard Book Store
Series
FRONTLINE: Inside the Meltdown Series