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Robert Rubin'

Dan Froomkin

Voters Who Lost Faith In Dodd Wouldn't Trust Obama's Economics Team Either | Dan Froomkin | Posted 05.25.2011 | Politics

Senator Chris Dodd announced last week that he is relinquishing his office. He didn't really have much choice -- the voters of Connecticut were prepar...

Fire Geithner Now!

L. Randall Wray | Posted 01.08.2010 | Politics
L. Randall Wray

While he is at it, he needs to clean house by firing Larry Summers, by banning Robert Rubin from Washington, and by appointing a replacement for Chairman Bernanke. It is time for a fresh start.

Wall Street's Fat Cats Are Still In Charge

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Obama's stern rhetoric apparently did not move the top banking honchos who failed to show up for this week's White House meeting with the president.

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 | Home
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 | Home
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.

Is the Opposite of Capitalism Democracy? A Review of Michael Moore's Capitalism: A Love Story

Anis Shivani | Posted 05.25.2011 | Business
Anis Shivani

Moore explicitly states that we ought to turn to democracy as the alternative to capitalism. But the opposite of capitalism is not democracy, it is socialism.

Big Deficit, Bob Rubin, and the Strong Dollar

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Does Robert Rubin know that his strong dollar policy directly contradicts his fixation with low budget deficits? Either he is ignorant of the fundamentals of economics or he is dishonest.

Obama White House Doesn't Understand American Interest vs. Corporate Interest

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The Obama administration's approach to trying to move the economy forward demonstrates a fundamental misunderstanding about how corporate behavior works.

The Greening of Goldman Sachs

David Paul | Posted 05.25.2011 | Business
David Paul

The US economic turnaround may not be complete. The AIG turnaround may not be complete. The GM turnaround may not be complete. But Goldman Sachs is back.

The Root of Madoff's Evil

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

How convenient for the judge and the media to paint Bernard Madoff as Mr. Evil, a uniquely venal blight on an otherwise responsible financial industry in which money is handled honestly and with transparency.

Get Politics Out of the Bedroom and Politicians' Bedrooms Out of Politics

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Here's the deal America should make with our politicians. You stay out of our bedroom, and we'll stay out of yours.

The Clinton Bubble

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Has Timothy Geithner ever had lunch with a non-megamillionaire who has lost his job or home because of the banking meltdown?

Jason Linkins

Clinton Media Coach Guiding Geithner | Jason Linkins | Posted 05.25.2011 | Politics

It seems like only yesterday that Treasury Secretary Timothy Geithner was earning universal derision for that time he appeared in public after being h...

Wall Street, Geithner, and Defunct Economics Threaten Obama's Leadership

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

President Obama is in danger of making the same mistake Nelson Mandela made. Obama is abrogating power to shape the recovery of the US economy, and handing over the leadership to Wall Street and lesser mortals.

Obama's Toxic Advisers

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Like most Americans, I am eager for Obama to succeed, but I see the nomination of Gary Gensler as further evidence that the president has entrusted his economic policy to the wrong people.

A Crime to Make Money

Paul Jenkins | Posted 05.25.2011 | Politics
Paul Jenkins

It seems to have finally dawned on government leaders that bonus recipients are not the only ones who should be afraid.

Lessons from AIG

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

What is vital now is that the public's righteous anger is not expressed only as "no." There are a lot of things to which We The People do need to say "no." But we need a lot of "yes's," too.

What Did Geithner Know and When Did He Know It?

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

Geithner got into this trouble because he saw Wall Street as his main constituency rather than the American people.

Alexander Hamilton's Scorn: Reflecting on AIG, Goldman, Hank Paulson and Bob Rubin

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

While many are criticizing the gross AIG taxpayer-funded bonuses of senior executives, the truth is that this kind of corruption is relatively small time -- even at $165 million -- and was predictable.