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Robert Rubin'

Greenspan, Summers, and Why the Economy Is So Out of Whack

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

I dislike singling out individuals for blame or praise in a political system as complex as the United States'. But I worry that the nation is not on the right economic road, and that some of our leaders still don't get it.

Congress's FCIC Nearly Nailed Former Citigroup Executives to the Wall -- Then Blew It

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Chairman Angelides was apparently unaware that Citigroup had reason to be deeply alarmed by the events that caused the Bear Stearns hedge funds to implode.

Shahien Nasiripour

Financial Crisis Panel To Hold Hearings Next Week; Greenspan, Citigroup Execs To Be Grilled | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Alan Greenspan headlines a cast of witnesses to be questioned next week by the panel investigating the roots of the fi...

Shadow Elite: Derivatives, A Horror Story

Janine R. Wedel | Posted 05.25.2011 | Business
Janine R. Wedel

Inside this closed culture, the ideals of the free market are repeatedly espoused, but not upheld. Derivatives, the exotic contraptions that enrich the banking business, have flourished in the shadows, not in the open marketplace.

Celebrating Sen. Ted Kaufman, Accidental Leader

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Sen. Ted Kaufman has emerged as one of the Senate's fiercest critics of Wall Street and a champion of the need to push for a serious rebooting of our financial system.

Paper Fortunes: A Half Century of Wall Street

Robert Teitelman | Posted 05.25.2011 | Home
Robert Teitelman

If Paulson's On the Brink is an action drama leavened with flashes of personal revelation, Smith's Paper Fortunes is a recitation of trends, enlivened by memories.

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.

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.

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...

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.

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

Harry R. Lewis | Posted 05.25.2011 | Home
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 | Home
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.

The First HuffPost Book Club Pick of 2010: Shadow Elite by Janine Wedel

Arianna Huffington | Posted 05.25.2011 | Home
Arianna Huffington

My first HuffPost Book Club selection of 2010 is Janine Wedel's Shadow Elite, a gripping book that explains why it's been so hard to bring about any real change in America.

Who Are You and What Have You Done With the Community Organizer We Elected President?

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

The fatal hallmark of this president's financial policy is that it is being designed by the very people who created the mess that enriched them while impoverishing the nation, and they now want more of the same.