Later Film and Stage Work
He had a minor role as a photographer in the movie Cobra alongside Brigitte Nielsen.
Rasche played the role of Ted Forstmann in the 1993 made for television movie Barbarians at the Gate, about the leveraged buyout (LBO) of RJR Nabisco. Forstmann was a critic of KKR's Henry Kravis and his investment methods. Forstmann's criticism of Kravis (and much of the rest of the financial industry during the 1980s) centred around the use of junk bond (high-yield) investments to raise large amounts of capital. When the junk bond market later fell into disfavour as a result of scandal, Forstmann's criticism was seen as prescient, as his more conventional investment strategy had been able to maintain nearly the same level of profitability as companies such as KKR and Revlon that built their strategy around high-yield debt.
In addition to his work as a screen actor, Rasche can also be heard as Captain Piett in the NPR radio adaptation of The Empire Strikes Back.
He appeared as Stig Ludwigssen in the 2000 movie The Big Tease starring Craig Ferguson.
He played the President in the 2006 film The Sentinel.
He starred as a crooked police officer in the Tom Selleck movie An Innocent Man.
He has a minor appearance in Clint Eastwood's Flags of Our Fathers.
He also portrays the late Donald Greene, one of the passengers of doomed flight 93, in Paul Greengrass' controversial 9/11 film United 93. He is presently working on Garrett Bennett's The Spy & the Sparrow.
In 2008, he played a CIA officer in Burn After Reading.
In fall 2008, Rasche starred in the ill-fated Broadway adaptation of To Be or Not to Be, in a reprisal of Jack Benny's role as Joseph Tura.
He had a major role in the 2009 satirical political comedy In the Loop, as a US official pushing for an invasion of an unspecified Middle Eastern country.
In 2010 he acted as an alcoholic immigration officer in the Brazilian movie Blue Eyes (Olhos Azuis) directed by Jose Joffily, for which he received critical praise.
Rasche portrayed Chief X in the 2012 science fiction film Men in Black 3.
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