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Robert Rubin'

New Year's Slideshow: Choose the Year's Most Absurd Comment From a "Financial Wizard"

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

"I know it's become part of the narrative that people knew what was going to happen at any minute. We never knew what was happening at any minute." That's Goldman CEO Lloyd Blankfein. Now he tells us.

Time to Dismiss the CFTC Chairman and His Commissioners

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The Dodd-Frank Act gave the CFTC until January 2011 to set limits to curb excessive speculation in the energy markets. Lo and behold, Chairman Gensler told lawmakers the CFTC wouldn't meet the deadline "because it doesn't yet have sufficient data."

10 Shadow Elitists of the Decade

Linda Keenan | Posted 05.25.2011 | Politics
Linda Keenan


William Alden

Gene Sperling, Leading NEC Director Candidate, Earned $900K From Goldman Sachs | William Alden | Posted 05.25.2011 | Business

Gene Sperling, a leading contender for a top economic post in the White House, made millions on Wall Street even as the economy faltered. The adviser...

Republican "Fifth Column" Strikes Financial Commission. Are YOU Next?

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

A sleeper cell of four Republicans struck the Financial Crisis Inquiry Commission this week, escalating what had previously been a campaign of covert obstruction into an overt act of sabotage.

William Alden

Possible Larry Summers Replacements Said To Be Narrowed To 3 | William Alden | Posted 05.25.2011 | Business

As Larry Summers nears the end of his term as director of the National Economic Council, the list of potential replacements has been whittled down to ...

Dan Froomkin

On Jobs, Robert Rubin Points In The Wrong Direction Again | Dan Froomkin | Posted 05.25.2011 | Business

WASHINGTON -- On a morning when dire unemployment numbers underscored the desperate and urgent need to jump-start the job market, shameless financial ...

Inside Job: Our Business Schools and Our Future

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

I hope that Inside Job is shown near and on campuses across the country. The signs of hope really lie with future generations questioning those who came before them.

The Man Who Shattered Our Economy

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Sandy Weill, who as former CEO of Citigroup did so much to create the foreclosure crisis, just bought a Sonoma wine vineyard for a record $31 million. No doubt his will be the grapes of wrath.

Jamie Dimon and Robert Rubin: Evasive on "Fraud as a Business Model"

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Foreclosure fraud isn't about losing paperwork or having incorrect paperwork. It is about committing fraud and trying to manipulate the U.S. legal system.

SEC: Rubin, Prince, Ex-Citigroup Execs, Knew Bank's Risks Were Hidden | Joshua Gallu and Donal Griffin | Posted 05.25.2011 | Business

Sept. 9 (Bloomberg) -- Charles O. "Chuck" Prince and Robert Rubin were among Citigroup Inc. officials who knew 2007 losses were mounting on mortgage a...

The Big Guy's on Our Side

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

Paul Volcker, President Obama's former Federal Reserve chair who heads his Economic Recovery Advisory Board, recently nailed it in a series of blistering remarks on the sorry state of our economy.

Shahien Nasiripour

Progressive Economists Offer Their Suggestions To Replace Larry Summers: 'No More Rubinites' | Shahien Nasiripour | Posted 05.25.2011 | Business

Progressive economists have one piece of advice for President Barack Obama when it comes to replacing top economic adviser Larry Summers: No more Robe...

Obama's Pick For Summers' Replacement Will Signal His Direction

Rob Kall | Posted 05.25.2011 | Politics
Rob Kall

The good news could be that Summers and his approach will soon be gone. The bad news is that he will probably be replaced by someone worse.

Summers Out, Could Geithner and Rubin Be Next?

Earl Ofari Hutchinson | Posted 05.25.2011 | Politics
Earl Ofari Hutchinson

The call for Geithner and Rubin to go will continue loud and long. The real and perceived misery level of the middle class appears likely to continue to rise.

Shadow Elite: Elizabeth Warren's Best Credential: Outsider

Linda Keenan | Posted 05.25.2011 | Politics
Linda Keenan

Questionable behavior became commonplace in innumerable corners of the financial industry over the past 20 years. And at key moments, it was an outsider like Elizabeth Warren who had the common-sense perspective to cry foul.

After Summers Comes the Fall

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

During his tenure as Obama's top economic adviser, Summers has continued the Bush policy of throwing money at Wall Street without getting anything in return by way of a moratorium on mortgage foreclosures.

Will They Pull a Brooksley Born on Elizabeth Warren?

Kathleen Reardon | Posted 05.25.2011 | Politics
Kathleen Reardon

Given Obama's hemming and hawing about appointing Warren, it's not far-fetched to think that history could repeat itself. Another woman trying to break the old guard's economic chokehold could be shown the door.

Peter Orszag's Tax "Compromise": Rubin's Ghost Haunts the Middle Class Again

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Peter Orszag's maiden voyage as a New York Times columnist resonates with twenty years of failed economic policy. It's a grab bag of Robert Rubin's Greatest Hits, remixed by a younger DJ for new audiences.

Matt Miller's Iraq Mistake: Pundit Struggles With Past Support For Invasion, War

Washington Post | Matt Miller | Posted 05.25.2011 | World

When I look over those columns today, from the distance of nearly eight years, they seem reasonable and serious. Except, of course, that their premise...

The Rubin Con Goes On

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

The corruptions of journalism were on full display when CNN's Fareed Zakaria turned to Robert Rubin this past Sunday for advice on how to fix the financial crisis that he, as much as anyone, caused.

Greenspan, Rubin, and Herbert Hoover

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

On Sunday, Robert Rubin, appearing on CNN, said any further effort to stimulate the economy would be "counter productive," and that policy makers instead should craft a deficit-reduction plan. Greenspan is only partly wrong. Rubin is entirely wrong.

Bob Rubin Just Wants to Be Cuddled

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

When Bob Rubin and I reached the hotel entrance, the tension returned. He got this funny look on his face, and asked: "Do you want to go upstairs and... cuddle?"

Break Up the Banks: By the Numbers

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

It's past time to break up the big banks. They take on too much risk and endanger the financial system. They have far too much political influence and threaten our democracy.

A Letter -- and a Challenge -- to an Anonymous Wall Street Whiner

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

An anonymous email's been making the rounds on Wall Street from some loser who thinks he's a shark. Let's get this out of the way first: The only thing worse than a spoiled, self-satisfied brat is a whiny, spoiled, self-satisfied brat.