For as long as anyone can remember, it seemed that Raines was destined to do something big in politics. he and Steve Pruzan, his high school debate partner, would talk seriously about the day Raines might become the first black president.
In 1977 a congressional seat opened up and Pruzan began organizing a Raines campaign. instead, Raines took a job in the Carter White House that included his first stint at OMB. when Carter lost, Raines went to work, making millions of dollars, first as a partner doing municipal finance at the Manhattan investment house Lazard Freres.