Homes of the Bailout Stars
The $4-million mansion of the Treasury secretary and bailout boss, plus homes of other stars of the financial fiasco
Published Monday, December 01, 2008
All photographs by Chris Leaman
At its simplest level, the economic crisis can be traced to the buying and selling of homes. And the major players in the drama—whether they’re blamed for the mess or charged with cleaning it up—all return at the end of the day to their own houses. Some ride high despite the carnage. In June, former Fannie Mae head Frank Raines spent $4.9 million on a three-bedroom, seven-bath condo in the West End’s Ritz-Carlton Residences. Less than a mile away is Speaker of the House Nancy Pelosi’s $1.1-million condo along the Georgetown waterfront. Here’s a look at the houses of the bailout newsmakers.
Henry Paulson
Secretary of the Treasury Massachusetts Avenue Heights, DC (photo above) Assessed value: $3.9 million Market value: $4.5 million
Ben Bernanke
Chair of the Federal Reserve Capitol Hill Assessed value: $885,000 Market value: $1.13 million
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Comments
this is no more than Google is doing with its StreetView product, except that Google looks to do it for everyone in America.
Posted by: Don, Dec 11, 2008 09:09:03 AM
With all due respect to a spectacular cornerstone on the DC social arena, this seems an invasion of their privacy.
Posted by: Rick O., Dec 11, 2008 07:26:28 AM
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