It's only early August, and the party conventions haven't yet crowned their respective nominees, but Newsweek already is profiling Democratic fundraiser and dealmaker Steven Rattner, and the story reads as if it's foregone conclusion that Sen. Barack Obama will reside at 1600 Pennsylvania Avenue.
Why else would the magazine profile the Quadrangle Group founder and ask "will he go to Washington?" if it's not assuming Obama will win in November? The story goes so far as to handicap the possibility of Obama tapping Rattner, the former Morgan Stanley and Lazard media investment banker-turned-buyout maven, as Treasury secretary.
Although Newsweek floats the idea--there's been speculation about Rattner at Treasury for years--it then tosses cold water on the possibility by arguing that his lack of experience as a CEO of a major bank will likely quash any chance of receiving the "favor" despite his Obama fundraising and efforts to bring Democrats together after a bruising campaign. It's hard to fathom that bank CEOship is really that necessary, particularly given how poorly the banks have performed.See more on The Deal.com
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