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Robert Rubin'

Peterson's Deficit "Budgetball": The Fountainhead Meets Death Race 2000

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

For anyone who's really concerned about government deficits, Pete Peterson's one-sided approach is incomprehensible. Unless, of course, he's acting in pure Randian self interest on behalf of himself and his peers.

Gary Gensler of the CFTC: Reformer or Wolf in Moth Eaten Sheep's Clothing?

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

While Gary Gensler and his CFTC Vaudeville act continue to fiddle away, their distortion in oil prices is burning a billion dollar hole a day in American consumers pockets.

Robert Rubin: Why Won't He Go Away?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Having inflicted enormous damage on tens of millions of families who have lost their jobs, their homes and/or their life's savings, it would be nice if Rubin could have the decency to fade from the public scene.

Robert Rubin: 'Virtually Nobody' Saw Crisis Coming, Bush Deserves Much Of The Blame

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Robert Rubin, the former Clinton-era Treasury Secretary and noted champion of deregulation, told a New York City audience last night that "virtually n...

After the Hamilton Project

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

In 2006 Robert Rubin and his allies created the Hamilton Project to formulate a Democratic agenda. It was a brilliant tactical move, but unfortunately, financial reform was not on this agenda.

No Banker Left Behind

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The economy is anything but sound, but you would hardly know that from looking at the balance sheets of the big investment banks. Wall Street bankers apparently have a license to steal.

Matt Taibbi's Blasts Wall Street Again In 'Bailout Hustle'

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In his latest salvo against Wall Street, Rolling Stone's Matt Taibbi argues that the recent resurgence of the banking sector is the result of nothing ...

Shadow Elite: The Spy Who Came in From... Wall Street?

Janine R. Wedel | Posted 05.25.2011 | Politics
Janine R. Wedel

What are we to make of the BIA? Is it an offshoot of the CIA? As they trundle back and forth between Wall Street and Washington, does the information the CIA officers glean in one venue seep into the other?

Volcker Rules

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Obama's endorsement of what he calls the "Volcker Rule" for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public.

The Sorry State of the Union

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

The state of the union is just miserable, no matter how President Obama sugarcoats it. He will claim that progress has been made in the markets, national security and health care, and he'll be wrong on all fronts.

Bankers and Their Lies: Are We Really That Stupid?

Martin Luz | Posted 05.25.2011 | Business
Martin Luz

The central pillar of this narrative is the idea that the recession was no one's fault. These things just happen. No one was "personally" responsible.

7 Minutes With Joseph Stiglitz: Hopes Geithner and Summers Learn From Serious Errors

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The ideas that Stiglitz have been advocating are what many who supported Obama thought they would be getting, but instead of Stiglitzianism, America got Rubinism.

Great Challenges Make Great Presidents? Obama Not There Yet

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

I wrote this article today for reviewing President Obama's performance over the past year.

Let Us Now Praise Uppity Women

Linda R. Monk, J.D. | Posted 05.25.2011 | Business
Linda R. Monk, J.D.

Women like Brooksley Born have a long history of being whistle-blowers in systems dominated by men. Perhaps this time Congress -- and the American people -- will listen.

Who Will Succeed Tim Geithner as Next Treasury Secretary?

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The revelations that the New York Fed advised AIG to hide matters from regulators may be the final trigger for Geithner's departure -- and Obama needs to change his economic team anyway.

A Decade Far Worse Than a "Big Zero" (1999-2009)

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

We can call the 2000s the "Worse Than Zero" decade or the "Big Zero," or anything we wish, but what characterized it most for me was the near total control of corporations, especially over our civic institutions.

Robert Rubin: The Man at the Nexus of Big Business and Big Government

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

There are plenty of media types who blame last year's implosion and the bailout on greedy bankers, but that's only part of the story. Wall Street needed a co-conspirator; namely, the government.

For The Shadow Elite Failure Often Guarantees Future Rewards

Janine R. Wedel | Posted 05.25.2011 | Books
Janine R. Wedel

Today's power brokers are still at the top of their game because they are said to "have the credentials." No matter that they are the credentials of a shadowy elite--and of failure.

Is The Government In Charge, Or Is It The Shadow Elite?

Janine R. Wedel | Posted 01.04.2012 | Books
Janine R. Wedel

There was a time when Americans could have more confidence in the objectivity of the experts who advised government and pronounced on issues of vital importance.

Matt Taibbi On "Colbert Report": Wall Street Is 'One Ponzi Scheme After Another' (VIDEO)

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Matt Taibbi took his crusade against Goldman Sachs to "The Colbert Report" last night, accusing the investment colossus of using its influence in gove...

Zooming In On the Year's Biggest Hoax

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

If only we could get one of the banking lobbyists or a Goldman Sachs executive to float away in a duct-taped flying saucer balloon, Wolf Blitzer and the rest of cable news might cover the real hoax.

Larry Summers, Robert Rubin: Will The Harvard Shadow Elite Bankrupt The University And The Country?

Harry R. Lewis | Posted 05.25.2011 | Books
Harry R. Lewis

The modern power elites thrive by forgetting any regrettable past. This amnesia is easy at Harvard, where the legal fiduciaries operate in secret and need not answer for their acts.

Obama, the Fallen Messiah

Max Blumenthal | Posted 05.25.2011 | Politics
Max Blumenthal

Those former Obama fanatics experiencing a crisis in faith should look in the mirror. What they have refused to acknowledge is that Obama would not have fallen so hard had they not lifted him so high.

Goldman Sachs Alumni With Government Ties

Felix Salmon | Posted 05.25.2011 | Business

With Jon Corzine losing the governorship of New Jersey yesterday, it was yet another bad day for former heads of Goldman Sachs. It's worth running dow...

'Shadow Elite': Outsourcing Government, Losing Democracy

Charles Lewis | Posted 05.25.2011 | Books
Charles Lewis

Public and private are now substantially blurred, as the "transnational" political elites and the financial elites have become literally the same people. It is a condition which leaves the people feeling unrepresented.