iOS app Android app

Robert Rubin'

Robert Rubin Gets His Pink Slip: Good Riddance

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

The downside to letting Rubin slip quietly from his role at Citigroup is that he leaves with enough of his reputation intact that he still holds some sway in Washington.

Robert Rubin Resigns As Citigroup Adviser

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Officials at the embattled banks Citigroup and Morgan Stanley will negotiate over the weekend about possibly combining their wealth m...

Obama's Perilous Compromise with Looters

Jeffrey Klein | Posted 05.25.2011 | Politics
Jeffrey Klein

Tragically, the architects of the current economic fiasco have been placed in charge of America's recovery. President-elect Obama has made an enormous mistake.

Bailing Out Dan Quayle

Paul Jenkins | Posted 05.25.2011 | Business
Paul Jenkins

The battle over the bailout of some segments of the US auto industry has become increasingly defined in terms of class, but this hides the fact that the same type of players will benefit from both bailouts.

Obama's Global Challenge

Marco Trbovich | Posted 05.25.2011 | Green
Marco Trbovich

America's energy future is a goods news, bad news joke. The good news is that America has enough domestic resources to meet its energy needs. The bad news is, the resource is coal.

Should Progressives Be Upset with Obama?

David Corn | Posted 05.25.2011 | Politics
David Corn

With these hawkish, Rubin-esque, middle-of-the-road picks, has Obama abandoned the folks who brought him to the dance?

Ten Democrats Who Should Go Away

Ben Cohen | Posted 05.25.2011 | Politics
Ben Cohen

The Democrats have in some ways, been worse than the Republicans. As a party, they've stood idly by as the Bush Administration has literally ransacked the country.

Investors Accuse Citi Execs Of "Suspicious" Trades Of Over $150 Million

Reuters | Martha Graybow | Posted 05.25.2011 | Business

An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $...

IOUSA: Failed Scare Flick of the Decade

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Every few years there is a book or movie that stands out for its incredibly bad timing. The new documentary IOUSA seems destined to join earlier classics of this genre.

Former Treasury Secretary Rubin On Meltdown: "Nobody Was Prepared For This"

Think Progress | Matthew Yglesias | Posted 05.25.2011 | Business

Robert Rubin speaks up for himself: "Nobody was prepared for this," Mr. Rubin said in an interview. He cited former Federal Reserve Chairman Alan Gre...

Robert Rubin: Coward or Liar -- or Both?

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

It's Judgment Day. Rubin needs to get a pink slip and stand on the unemployment line with the vast sea of people he helped put there.

Obama Chooses Wall Street Over Main Street

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

Maybe Ralph Nader was right: the same Wall Street hustlers will have a lock on our government no matter which major party wins the election. How else is one to respond to Obama's economic picks?

Obama's Wall Street Woes

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Obama presented his economic team -- all protégés of Robert Rubin -- just as the Treasury was pumping out billions to rescue Citibank -- which featured Rubin as chair of its executive committee. Is this the change we need?

Is Robert Rubin "Competent" Enough To Guide Team Obama?

Jane Hamsher | Posted 05.25.2011 | Business
Jane Hamsher

Yes, it's incredible that nobody required Rubin and the board to resign as a condition of the Citibank bailout. But I tend to look at these final days as the BushCo crooks holding their final heist.

Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

Flashback: "Citigroup's Self-Immolation and the Beginning of the Eclipse of American Style Capitalism"

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

Sorry, I was wrong ten months ago. The Citigroup bell has not tolled. The rot at the heart of American capitalism continues unabated.

Arranging Mr. Geithner's Priorities: Economy NewsLadder

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

By Zach Carter MediaWire Blogger President-elect Barack Obama announced his economic transition team yesterday--and we'll get to that--but first let'...

Where is the Economic Team of Rivals?

Allison Kilkenny | Posted 05.25.2011 | Politics
Allison Kilkenny

It appears there is at least one area of his fledgling administration that is not open to discussion or debate -- the economy.

Obanomics

Joshuah Bearman | Posted 05.25.2011 | Business
Joshuah Bearman

Obama fundamentally trusts markets, but believes that they make grievous errors (I'll say!), and that those errors must at times be aggressively corrected. Is that a new idea? If so, then no wonder we're screwed.

Change We Can Bank On

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

This is not change we can believe in -- not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in Obama's incoming administration.

It's Bozo The Clown's Fault, Not The "Free Market"

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

The current president's pronouncements that the "free market" isn't at fault for the financial meltdown led me to dig deep, investigate and discover the real culprit: Bozo The Clown.

Who Wasn't On Stage With Obama and Should Have Been?

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

I'm not satisfied with the roster of economic personalities and thinkers we see Barack Obama mixing with.

Will Obama's First Term Really Just be a Hybrid of Clinton III and GW Bush III?

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

There is a strong chance that Lawrence Summers is going to be returned to the post of Secretary of the Treasury. Larry will have to prove to us that he is different and not the harbinger of Clinton Term III.

Estrogen for Obama

Sara Davidson | Posted 05.25.2011 | Politics
Sara Davidson

It's hard to describe how transported we felt walking out of that women's conference. Some were in tears. Others felt reassured to have heard in person the kind of policy Obama wants to enact.

The Washington Post Only Supports Bailouts for Robert Rubin, Not Autoworkers

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The Post was near hysterical in its support of the Wall Street bailout earlier this month. Now the occasion comes to bail out the auto industry and the Post goes ballistic the other way.