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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
All photographs by Chris Leaman
Comments () | Published December 1, 2008

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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Posted at 04:00 PM/ET, 12/01/2008 RSS | Print | Permalink | Comments () | Articles