Steven Rattner Led Detroit 3 Rescue During 2009 Recession
In 2009, Steven Rattner was appointed by the Obama administration to oversee the rescue of the Detroit 3 automakers amid the Great Recession. This intervention aimed to stabilize a critical sector that had significant economic impact on the U.S. industry and labor markets. The involvement reflected the government's role in addressing systemic risks in key industries during economic downturns.