Steven Rattner Quotes

United States, Businessman
July 5, 1952

Steven Lawrence Rattner is an American financier who served as lead adviser to the Presidential Task Force on the Auto Industry in 2009 for the Obama administration. He is currently Chairman and Chief Executive Officer of Willett Advisors LLC, the private investment group that manages billionaire former New York Mayor Michael Bloomberg's personal and philanthropic assets. He continues to be involved in public policy matters as the economic analyst for MSNBC's Morning Joe, and as a contributing opinion writer for The New York Times Op-Ed page.

China has lunged into the 21st century, while India is still lurching toward it.

Steven Rattner
- Century
- China
- Lunges
Picking winners among the many young companies seeking money is a tough business, even for the most sophisticated investors. Indeed, most professionally run venture funds lose money. For individuals, it's pure folly. Buy a lottery ticket instead. Your chance of winning is likely to be higher.

Steven Rattner
- Money
- Companies
- Winners

The largest number of jobs likely to be created by the JOBS Act will be for lawyers needed to clean up the mess that it will create.

Steven Rattner
- Jobs
- Mess
- Lawyers
The highest-income Americans don't need tax-free health insurance, mortgage interest deductions or deferred taxation on retirement funds.

Steven Rattner
Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.

Steven Rattner
India's rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.

Steven Rattner
During my 30 years on Wall Street, taxes on 'unearned income' have bounced up and down with regularity, and I've never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.

Steven Rattner
As a beneficiary of the carried interest loophole, I've seen firsthand the lack of any difference between the work involved in generating a carried interest and the work done by millions of other professionals who are taxed at the full 35 percent rate.

Steven Rattner
- Work
- Interest
- Tax

Most troublesome is the legalization of 'crowd funding,' the ability of start-up companies to raise capital from small investors on the Internet.

Steven Rattner
Not surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas.

Steven Rattner
- Ideas
- Extreme
- Troubled