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Robert Rubin'

Dan Froomkin

Stop Robert Rubin Before He Kills Again | Dan Froomkin | Posted 05.25.2011 | Politics

Robert Rubin is poisoning Washington again. The former Treasury Secretary who presided over the nearly-fatal deregulation of the financial industry ...

Shadow Elite: Wall Street Profiteers - Capitalists or Communists?

Linda Keenan | Posted 05.25.2011 | Business
Linda Keenan

American profiteers have done grievous damage to their own free market ideology, and, most importantly, to the economic well-being of the entire world.

Unfree Markets: The Last Gasp of a (Literally) Bankrupt Ideology

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

The ideology that served Wall Street special interests for the last 40 years has broken down, and there is nothing to replace it. You can't argue for free markets and still fight for giant companies. The American dream can't survive without regulation.

Ex-Goldman Trader Bought Major Stake in ACA, Shorted Subprime CDOs

Kevin Connor | Posted 05.25.2011 | Business
Kevin Connor

The Goldman-Paulson fraud suit threatens to throw a spotlight on a realm of Wall Street that has escaped most scrutiny throughout the financial crisis: the hedge fund industry.

This Week: Obama's Deficit Commission or Pete Peterson's?

Roger Hickey | Posted 05.25.2011 | Business
Roger Hickey

Pete Peterson's summit is designed to stampede President Obama's new deficit commission (which meets the day before, for the first time) into adopting their version of fiscal austerity.

Obama Needs to Turn His Back on Goldman's Support

Kevin Connor | Posted 05.25.2011 | Politics
Kevin Connor

Goldman Sachs has enormous influence over this White House, in large part because of the role the bank played in helping elect Obama.

Shadow Elite: Goldman Sachs - Fraud Is Not the Scandal

Linda Keenan | Posted 05.25.2011 | Politics
Linda Keenan

Americans justifiably furious with Wall Street conduct, and the havoc it's caused, might be comforted by news that regulators are taking Goldman Sachs to court, alleging fraud. They shouldn't be.

The F Word: Is the SEC Up to the Job?

Laura Flanders | Posted 05.25.2011 | Business
Laura Flanders

One of the best kept secrets in Washington is the working of the Securities and Exchange Commission. Does it get the job done? Not even close.

Dan Froomkin

Biden To Wall-Street-Friendly Democrats: The Middle Class Comes First | Dan Froomkin | Posted 05.25.2011 | Politics

Vice President Biden today challenged a gathering of Wall-Street-friendly Democrats to join President Obama in making sure that this economic recovery...

Goldman Plays, We Pay

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly.

Nothing Is More Powerful Than an Idea Whose Time Has Come

Ed Koch | Posted 05.25.2011 | New York
Ed Koch

When you blame everybody, then nobody is responsible. Everybody did not receive, as Robert Rubin did while holding his position at Citigroup, $14 million annually.

Dan Froomkin

Rubin: I Actually Supported Regulating Derivatives | Dan Froomkin | Posted 05.25.2011 | Business

Clinton-era Treasury Secretary Robert Rubin, who will go down in history as one of the men who killed derivatives regulation, insisted today that he h...

Clinton: Rubin And Summers Gave Me Wrong Advice On Derivatives, And I Was Wrong To Take It

ABC News | Posted 05.25.2011 | Business


Crocodile Tears on Wall Street

Bill Moyers | Posted 05.25.2011 | Business
Bill Moyers

The week's award for sheer gall goes to the hedge fund Magnetar; Magnetar bet against the very same bad investments they had recommended to buyers, sold short and made a fortune. To simply call all of this "creative accounting" is to do it an injustice.

The Case Against Jamie Dimon: Oligopoly, Pain, and Systemic Risk in Five Slides

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

Here's the danger: the centralization of risk and power is leading us right into another disaster. We need to get the banking oligopoly under control. But Jamie Dimon is fighting back tooth and nail. And that's why we must fight Jamie Dimon.

Is it Time to Pull the Plug on the Financial Crisis Inquiry Commission?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Last week, in the middle of former Federal Reserve Chairman Alan Greenspan's testimony in front of the Financial Crisis Inquiry Commission (FCIC), the lights went out. But electrical snafus are just the beginning of the FCIC's problems.

Dan Froomkin

Vice President Biden Lends His Prestige To Robert Rubin's Relaunch | Dan Froomkin | Posted 05.25.2011 | Politics

Robert Rubin, the ultimate symbol of the Democratic Party's coziness with Wall Street fat cats, has kept a relatively low profile in Washington ever s...

Robert Rubin: Amoral, Blundering ... And Still Influential in Washington

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

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.

Wall Street, Nuclear Weapons, MLK Jr., and the Road From Ruin

Steven G. Brant | Posted 05.25.2011 | Politics
Steven G. Brant

From the latest news, you'd think America has turned the corner and is on the road to recovery. Far from it. There are major, structural deficiencies in our system that point in very negative directions.

Frank Rich: Where's The New Era Of Responsibility?

New York Times | FRANK RICH | Posted 05.25.2011 | Politics

"I was right 70 percent of the time, but I was wrong 30 percent of the time," said Alan Greenspan as he testified last week on Capitol Hill. ... ...

Shahien Nasiripour

Financial Crisis Commission Questions Former Citigroup Chiefs Robert Rubin, Chuck Prince (LIVEBLOG, VIDEO) | Shahien Nasiripour | Posted 05.25.2011 | Business

(We'll be running a live blog of the testimony at the Financial Crisis Inquiry Commission's latest round of hearings in Washington, D.C. Former Federa...

Liveblogging the Financial Hearings: The Prince and the King

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

Here in the Rayburn building Robert Rubin, the onetime King of American financial policy, is lecturing the Financial Commission on what he believes are the causes of the financial crisis.

Our Response to Warren Mosler on Gold Lending

Bill Murphy | Posted 05.25.2011 | Business
Bill Murphy

Secretive gold operations were a significant reason for the real estate bubble and market collapse in the US as interest rates were left too low for too long.

Citigroup Eyed By Financial Crisis Commission | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

But there is one small question, not so obvious, that has been crying out for an answer for years, and it has nothing to do with exoticisms like C.D.O...

The Meltdown Men: Greenspan, Rubin, and Prince to Testify before Financial Crisis Commission

Jeff Madrick | Posted 05.25.2011 | Politics
Jeff Madrick

Greenspan bears more responsibility for the calamity than any single person. It is rare in the history of any major event one can make such a claim.