In any normal period of history our major banks would be considered corrupt institutions, and their leaders would be ashamed to show their faces among respectable people. But these aren't normal times, are they?
As if the last decade of abuse wasn't bad enough, banks are again mobilizing to screw borrowers in the pursuit of bonuses. And once again, it appears the Fed has become an accomplice to this nationwide mortgage scam.
When bankers think they can get away with rampant fraud and get paid very well to do it, they'll do it. Robert Rubin's best defense is that he really isn't all that bright -- he's either an idiot or a criminal.
If there is one thing we need to accomplish for the good of our economy, it is the permanent discrediting of Robert Rubin. His policies fostered economic disaster, and in business he was a clever but irresponsibly reckless gambler.