How Rahm Emanuel Made Mega-Millions and Bought His Way to Power

Since Rahm Emanuel was appointed the next White House chief of staff last month, ProPublica has been retracing his previous life as an investment banker, which earned him more than $18 million in less than three years.

The New York Times recently shed new light on Emanuel's Wall Street days -- and how they helped send him to Congress.

In late 1998, Emanuel left the Clinton White House to work for Wasserstein Perella, a now defunct investment bank run by Bruce Wasserstein, a major Democratic donor.
"I had this idea that this could work and that it had upside," Wasserstein told the Times. "It worked out better than I could have hoped."

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