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.
Like George W. Bush's claim that "everyone" got it wrong about the intelligence showing that Iraq had stockpiles of WMD, Alan Greenspan is still trying to convince us that "everyone" got the housing bubble wrong too.
Greenspan will attempt to obfuscate. He will condescend, lecture, and distract. For the sake of the country, and to understand how we arrived here, the Angelides Commission must not allow that to happen.
The heads of Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Bank of America came to testify and said... just about nothing. Yes, they made mistakes. But gee, they had learned a great deal and they certainly didn't cause the crash.