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Keyword: robertrubin

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  • CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit

    10/27/2012 10:47:23 AM PDT · by opentalk · 73 replies
    Intel Hub ^ | October 26, 2012 | JG Vibes
    This week financial news organization CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains. The lawsuit is said to involve officials located in the highest offices of government and the financial sector. Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters. Within hours the original page for the article was taken down, and CNBC senior...
  • Jack Lew and Citigroup: How the Corrupt Rich Get Richer with Cronyism

    03/01/2013 9:29:57 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | March 1, 2013 | Daniel J. Mitchell
    If you’re an amoral person with political connections, it’s possible to make a lot of money. Warren Buffett lined his pockets by making a government-subsidized investment in Goldman Sachs during the financial crisis.The rest of us suffered and he got richer, but the left seems to be okay with that perverse form of redistribution because he supports class-warfare tax hikes. Sort of like buying an indulgence in the Middle Ages.Hey, nice work if you can get it.But Buffett may be an amateur compared to the crony capitalists at Citigroup.The just-confirmed Treasury Secretary Jack Lew was given a huge bonus for...
  • Tom Brokaw Rushed to Charlotte Hospital

    09/06/2012 6:48:40 AM PDT · by Red Badger · 78 replies
    www.mediabistro.com ^ | September 6, 2012 8:36 AM | By Chris Ariens
    NBC News special correspondent Tom Brokaw was taken by ambulance to a Charlotte hospital this morning after an appearance on MSNBC’s “Morning Joe.” Brokaw, 72, who stepped down as anchor of “Nightly News” after the 2004 election, has been working a break-neck pace the last two weeks first at the RNC and this week at the DNC. Brokaw has been up early, appearing on “Morning Joe,” then reporting throughout the day and into the night. Last night, he appeared on Sean Hannity‘s Fox News show. An MSNBC spokesperson tells TVNewser, “On the set of ‘Morning Joe’ this morning, Tom Brokaw...
  • Fiscal Cliff = “Enormous Hit” to the Economy, Holtz-Eakin Says

    07/20/2012 12:34:42 PM PDT · by Kartographer · 7 replies
    Yahoo The Daily Ticker ^ | 7/20/12 | Stacy Curtin
    America is headed for a fiscal cliff if members of Congress fail to act before the end of the year. Many economists agree that if no action is taken, 2013 will begin with a $600 billion drag on the economy, or a 4 to 5 percent hit to GDP, due to a combination of tax hikes and budget cuts set to take effect. To put that in perspective, the knock to economic growth could be twice as much as current GDP growth forecasts for all of 2012 and more than any annual GDP growth in the last decade. Former Treasury...
  • The UN Plan For Human Settlements (Obama Plan)

    05/15/2010 7:56:54 PM PDT · by bronxville · 71 replies · 1,030+ views
    Berit Kjos ^ | ,June 1996 | Berit Kjos
    Bicycles instead of cars? Dense apartment clusters instead of single homes? Community rituals instead of churches? "Human rights" instead of religious freedom? The UN Conference on Human Settlements (Habitat II) which met June 3-14 [1996]in Istanbul, painted an alarming picture of the 21st century community. The American ways-free speech, individualism, travel, and Christianity-are out. A new set of economic, environmental, and social guidelines are in. Citizenship, democracy, and education have been redefined. Handpicked civil leaders will implement UN "laws", bypassing state and national representatives to work directly with the UN. And politically correct "tolerance"-meaning "the rejection of dogmatism and absolutism"...
  • The Muslim Brotherhood's Long-Standing War On The West (US Politicians)

    02/02/2011 10:18:40 PM PST · by bronxville · 148 replies
    US Politicians Duped By The Brotherhood In the United States, one individual maintained a pretense of "moderation" which would later embarrass the left and the right. According to the testimony of Dr. Michael Waller to the US Senate Committee on the Judiciary, Abdurahman Alamoudi was a member of the Muslim Brotherhood. A man born in Eritrea in 1951, he arrived in the US in 1979 and became a naturalized US citizen on May 23, 1996. From 1985 onwards he became involved in many Muslim groups. In 1990 he founded the Washington DC-based American Muslim Council (AMC), which Waller states "has...
  • Goldman Sachs Prospers at Taxpayers' Expense

    12/31/2010 3:28:05 AM PST · by Scanian · 11 replies
    The American Thinker ^ | December 31, 2010 | Fred N. Sauer
    If prudent investors can only make .5% on short term assets, how does Goldman Sachs prosper? Robert Rubin was a very powerful man. After 26 years and rising to the level of Co-Senior Partner, he left Goldman Sachs in 1994 to become Treasury Secretary in the Clinton Administration. His first major undertaking was during the Mexican bailout of 1995. ...Rubin drew criticism in Congress for using a Treasury Department account under his personal control to distribute $20 billion to bail out Mexican bonds, of which Goldman was a key holder. For 1998, the first year which we have public financial...
  • More Fright-peddling, More Bailouts

    01/20/2009 9:33:48 AM PST · by Coleus · 3 replies · 223+ views
    thenewamerican ^ | William F. Jasper
    Round two of the economic crime of the century has begun. On January 12, Lawrence Summers, President Obama's designee to become director of his National Economic Council, sent a letter to congressional majority and minority leaders seeking the second half of the $750 billion approved by Congress last October.   Citing Obama's economic speech of January 8, Summers wrote: "As the President-elect recently stated, 'we start 2009 in the midst of a crisis unlike any other we have seen in our lifetime.'" As you no doubt recall, last September Congress, fearing the wrath of constituents, rejected a bailout scheme put together...
  • Rubin says he learned late of Citi's risky bets

    04/08/2010 7:51:52 AM PDT · by facedown · 41 replies · 553+ views
    AP via Yahoo ^ | Thursday April 8, 2010 | Marcy Gordon, AP Business Writer
    WASHINGTON (AP) -- Robert Rubin, a senior adviser to Citigroup Inc. at the time of its deep losses from subprime mortgages, said Wednesday that he learned belatedly that Citi had $43 billion in high-risk securities on its books. "I do not recall knowing before September 2007" that the bank had held onto the investments composed of repackaged mortgage bonds, Rubin said. In November 2007, Citigroup publicly estimated it would lose $8 billion to $11 billion in the fourth quarter that year from those securities.
  • A Whiff of Fascism from Obama's White House

    03/29/2009 9:48:45 PM PDT · by RobinMasters · 78 replies · 3,552+ views
    American Spectator ^ | MARCH 29, 2009 | Matthew Vadum
    There is a whiff of Fascism emanating from the Obama White House. Reports say that the head of GM is quitting under duress from the Obama administration:
  • 'PONZI SCHEME' AT CITI = SUIT SLAMS RUBIN

    02/22/2009 6:51:24 PM PST · by Jim Robinson · 84 replies · 2,606+ views
    NY Post ^ | Flasback Dec 4, 2008 | By PAUL THARP
    A new Citigroup scandal is engulfing Robert Rubin and his former disciple Chuck Prince for their roles in an alleged Ponzi-style scheme that's now choking world banking. Director Rubin and ousted CEO Prince - and their lieutenants over the past five years - are named in a federal lawsuit for an alleged complex cover-up of toxic securities that spread across the globe, wiping out trillions of dollars in their destructive paths. Investor-plaintiffs in the suit accuse Citi management of overseeing the repackaging of unmarketable collateralized debt obligations (CDOs) that no one wanted - and then reselling them to Citi and...
  • Robert Rubin quits Citigroup amid criticism

    01/09/2009 1:45:17 PM PST · by NormsRevenge · 19 replies · 655+ views
    Reuters on Yahoo ^ | 1/9/09 | Jonathan Stempel and Dan Wilchins
    NEW YORK (Reuters) – Robert Rubin, the former Treasury Secretary, resigned from Citigroup Inc on Friday, following months of criticism of his performance at the giant U.S. bank. Rubin, 70, is stepping down immediately as senior counselor at New York-based Citigroup. He will remain a director until the bank's annual meeting later this year. Rubin joined Citigroup in 1999. In a letter to Chief Executive Vikram Pandit, Rubin praised management for making the "tough decisions" to restore Citigroup to health, following $20.3 billion of losses in the year ended Sept 30. But he admitted to not having foreseen the credit...
  • Citi's Taxpayer Parachute: Why are Robert Rubin and other directors still employed?

    11/25/2008 10:14:31 AM PST · by mojito · 14 replies · 806+ views
    WSJ ^ | 11/25/2008 | The Editors
    Another Sunday night, another ad hoc bank rescue rooted in no discernible principle. U.S. taxpayers, who invested $25 billion in Citigroup last month, will now pour in another $20 billion in exchange for preferred shares paying an 8% dividend. Taxpayers will also help insure $306 billion of Citi's mortgage-backed securities. Citi will cover the first $29 billion in losses on these toxic assets, and then taxpayers will cover 90% of the rest, in exchange for another $7 billion in preferred. Dilution for Citigroup investors? Yesterday's 58% pop in the bank's share price suggests the bailout is a good deal for...
  • Liberalism Never Sleeps (Citigroup is too left-wing to fail)

    11/25/2008 5:41:01 AM PST · by St. Louis Conservative · 6 replies · 543+ views
    The American Spectator ^ | November 25, 2008 | Matthew Vadum
    Businesses that politicians deem vital to the national interest aren't being allowed to fail in America today, and the bigger they are, the more help they get from the government. So it's not much of a surprise that the fine points of yet another bailout package are being worked out behind closed doors, this time for Citigroup. Again, not surprisingly, the latest recipient of government largess is a big donor to political candidates and parties. It's the 15th largest corporate giver, according to the Center for Responsive Politics, donating $25.1 million since 1989 in roughly even portions to the two...
  • Citigroup Pays for a Rush to Risk

    11/22/2008 3:35:43 PM PST · by WilliamReading · 11 replies · 743+ views
    The bank’s downfall was years in the making and involved many in its hierarchy, particularly Mr. Prince and Robert E. Rubin, an influential director and senior adviser. Citigroup insiders and analysts say that Mr. Prince and Mr. Rubin played pivotal roles in the bank’s current woes, by drafting and blessing a strategy that involved taking greater trading risks to expand its business and reap higher profits. Mr. Prince and Mr. Rubin both declined to comment for this article. When he was Treasury secretary during the Clinton administration, Mr. Rubin helped loosen Depression-era banking regulations that made the creation of Citigroup...
  • No More Economic False Choices

    11/03/2008 7:01:07 AM PST · by reaganaut1 · 10 replies · 306+ views
    New York Times ^ | November 3, 2008 | Robert E. Rubin and Jared Bernstein
    We both agree that individual income tax rates and other taxes for those at the very top could be moved back to the rates of the Clinton era. ... In addition to restoring a sound fiscal regime, we could improve our personal savings rate and expand retirement security by establishing some kind of individualized account separate from Social Security, financed by an appropriate revenue measure. ... A true market economy should have true labor markets in which labor and business negotiate as peers. Many years ago, the economist John Kenneth Galbraith argued that collective bargaining was necessary so workers had...
  • Clinton veterans mix with new faces on Obama's campaign

    06/25/2008 4:35:16 PM PDT · by Tailgunner Joe · 3 replies · 90+ views
    AFP ^ | June 22, 2008
    Democratic presidential hopeful Barack Obama has reached out recently to heavyweights in the Clinton camp, keeping his group of Washington outsiders in the background. Since locking in the Democratic Party presidential nomination in early June, Obama has expanded his team of campaign advisers without doing away with the core team that has advised him since the start of his bid in 2007. Obama's choice however to associate with Washington outsiders has sometimes resulted in mistakes by association. One was when unpaid foreign policy adviser Samantha Powers described Hillary Clinton to a reporter as a "monster," and quickly resigned. Another was...
  • Hillary’s Economic Hail Mary (Barf Alert)

    03/23/2008 1:57:41 PM PDT · by 2ndDivisionVet · 23 replies · 879+ views
    Newsweek ^ | March 20, 2008 | Michael Hirsh
    Hello, Hillary? Hate to wake you, but it's 3 o'clock in the morning, and we have a real crisis. It's your campaign, senator. It's Hail Mary time. You've lost the bid for a revote in Florida and, it seems, in Michigan, which means your prospects for prevailing over Barack Obama in the primary popular vote by June are vanishing fast. The Illinois senator, meanwhile, has just delivered a JFK-like speech on race in America--a savvy move that may well have stanched the hemorrhaging of his campaign over the controversial remarks made by his pastor, Jeremiah Wright. The mood could be...
  • Former Treasury chief Rubin says tax rises needed

    11/10/2006 8:42:03 AM PST · by Timeout · 134 replies · 2,104+ views
    Reuters ^ | 11/10/06
    WASHINGTON, Nov 9 (Reuters) - Higher U.S. taxes are inevitable in order to reduce soaring budget deficits because foreigners will not finance U.S. shortfalls forever, former Treasury Secretary Robert Rubin said on Thursday. "You cannot solve the nation's fiscal problems without increased revenues," Rubin told the Economic Club of Washington, adding that he did not believe U.S. economic activity would suffer if such action was taken. "I think if you were to increase taxes right now, you would have probably about zero negative effect on the economy," Rubin told a questioner after a dinner address to about 200 people.
  • Kerry Considering Biden, Armitage for Possible Cabinet

    10/22/2004 9:57:49 AM PDT · by thegreatbeast · 31 replies · 1,311+ views
    NewsMax ^ | Friday, Oct. 22, 2004 | NA
    If John Kerry becomes President he will find himself on the horns of a dilemma - which close friend to ditch when he chooses a new Secretary of State. According to today's Washington Post, Kerry would pick his national security team within a few weeks after winning the White House and two of his closest friends, Sen. Joseph R. Biden Jr. (D-Del.) or Richard Holbrooke reportedly want the job of running the State Department.
  • Chilly D.C. not warming to Bush plan

    03/09/2006 7:57:34 AM PST · by stan_sipple · 4 replies · 333+ views
    Chicago Sun Times ^ | 3-9 | Robert Novak
    It was harsh enough when former Treasury Secretary Robert Rubin last weekend called on fellow Democrats to reject President Bush's proposed bipartisan commission on curbing runaway entitlements. It was all the more stinging because six weeks earlier, at a White House dinner, Bush had made a personal appeal for Rubin's help on the project. ... For Bush to make a third try at a bipartisan commission signifies the triumph of hope over experience. The Social Security and tax commissions were dominated by former Democratic senators (the late Daniel Patrick Moynihan and John Breaux, respectively) who came up with products that...
  • Harvard University Scam Exposed by Feds

    08/06/2005 9:09:50 PM PDT · by bobsunshine · 31 replies · 4,741+ views
    Mens News Daily ^ | August 6, 2005 | Jim Kouri
    Harvard University is ordered to pay back over $20 million to the US government as part of a settlement deal resulting from a multi-million dollar scam. Two Harvard employees are also ordered make restitution bringing the total settlement to $31 million. Two senior Harvard University advisors, Andre Shleifer and Jonathan Hay were paid under a US Agency for International Development grant to lead a project to provide advice to the nascent Russian economy on privatization following the fall of communism and the creation of fair and open markets and the rule of law. The US Attorney's Office alleged that instead,...
  • Global Tax Almost a Reality ?

    05/03/2005 6:20:11 AM PDT · by clearsight · 27 replies · 814+ views
    News With Views ^ | 05-03-05 | Joan Veon
    By Joan Veon May 3, 2005 NewsWithViews.com At the spring meeting of the IMF/World Bank in Washington, D. C. it was announced that a number of countries will be used to test a $1 tax on airline tickets. This global tax idea has been around for the last twenty years and is now back as a tax that would be relatively easy to put in place. Furthermore, an “International Financing Facility” for immunization will also be set up on a test basis. How could we be this far? For the last ten years I have followed the topic of global...
  • WSJ: Greenspan's $40 Oil

    12/14/2004 5:36:29 AM PST · by OESY · 1 replies · 788+ views
    Wall Street Journal ^ | December 14, 2004 | Editorial
    What a difference a news leak from the Federal Reserve makes. Ever since this newspaper ran its December 2 page-one article, "Fed View Shifting on Inflation: Rate Rises Likely," the world's leading indicators of future prices have been heading back down. David Malpass of Bear Stearns points out that gold has since dropped to $434 or so from a peak of $456, oil is back down to $41 a barrel and the dollar has been firmer in currency markets. Amazing how that works: The Fed finally signals that it is going to print fewer dollars, and inflation expectations begin to...
  • Kerry/Rubin versus Bush/Prescott shoot-out on CNBC?

    10/12/2004 6:47:42 AM PDT · by baseball_fan · 18 replies · 687+ views
    John Kerry’s Economic Advisor, Robert Rubin, will be on CNBC's "Closing Bell" today and will hopefully respond to current Nobel Prize Winning Economist Edward Prescott's critique about the negative impact of the Rubin tax increase during the Clinton administration made yesterday on CNBC's "Street Signs." Robert Rubin is the former Secretary of the Treasury under Bill Clinton and Chairman of Citigroup’s Executive Committee. Prescott also called for further marginal rate tax cuts to increase employment and federal revenues which is generally considered opposite of Rubin's call for tax increases as the approach to restore fiscal soundness. Rubin feels this is...
  • America's New Jingoes (trade)

    10/08/2004 5:33:37 AM PDT · by OESY · 2 replies · 362+ views
    Wall Street Journal ^ | October 8, 2004 | GEORGE GILDER
    With markets at last recovering from the turn-of-the-century crash and the attacks of September 11, it is an opportune time to debate America's future in a rapidly changing world economy. America's establishment of liberal economists and media pundits, however, are joining in a cramped new nationalism that jeopardizes the future of American technology and prosperity. Like reactionary jingoes of the past, they are priming John Kerry with the delusional view that the U.S. and its workers are somehow victims of global trade and capital movements.... In a popular image, "Benedict Arnold CEOs" are seen to be offshoring factories and outsourcing...
  • The Shadow Party: Part I

    10/06/2004 2:42:28 AM PDT · by kattracks · 94 replies · 7,695+ views
    FrontPageMagazine.com ^ | 10/06/04 | David Horowitz and Richard Poe
    "My family is more important to me than my party," declared  Senator Zell Miller, a Georgia Democrat, as he spoke from the podium of the Republican National Convention on September 1. "There is but one man to whom I am willing to entrust their future and that man's name is George Bush." [1] Many Democrats howled in outrage at Miller's "betrayal" - former President Jimmy Carter in particular. In an angry personal letter to the Georgia senator, Carter accused Miller of "unprecedented disloyalty" and declared, "You have betrayed our trust. [I]t's quite possible that your rabid speech damaged our party..." [2] But...
  • John Kerry For President | Title: "Time" | 30 Seconds

    09/13/2004 6:36:06 PM PDT · by RWR8189 · 357+ views
    Republican National Committee ^ | September 13, 2004
    Rhetoric  JOHN KERRY: “It’s time for a President who understands that a stronger America begins at home. It’s time to stop rewarding companies for shipping jobs overseas …” CHYRON: John Kerry. CHYRON: Stop shipping jobs overseas.  The Facts  Outsourcing Not Cause Of Major Job Loss Only Two Percent Of Layoffs Were Due To Foreign Outsourcing. “Shifting jobs overseas accounted for only a tiny fraction of U.S. job losses in the first three months of the year, according to a first-ever report released … by the Labor Department. … About 2 percent of the major layoffs in the first three months of the...
  • Policy Memo: Kerry Economic Adviser Says Outsourcing Is Good And Kerry Won’t Stop It

    09/13/2004 6:16:50 PM PDT · by RWR8189 · 13 replies · 818+ views
    George W. Bush ^ | September 13, 2004
    MEMORANDUMFROM: BC'04 POLICY DEPARTMENT John Kerry’s economic adviser, Robert Rubin, appeared on ABC’s “This Week” show with George Stephanopoulos yesterday.  Contrary to Kerry’s claims, Rubin confirmed that Kerry’s proposed tax increase on U.S. companies competing abroad would not stop outsourcing.  Rubin said outsourcing is good for our economy and part of trade liberalization.  He outlined several steps for an international trade agenda – all of which President Bush is already doing.  Rubin never mentioned Kerry’s agenda of economic isolationism. Rubin said outsourcing is not a problem, that instead it’s beneficial and good for our economy: RUBIN: “It's part of trade liberalization, and trade...
  • They Said It! (Kerry Advisor Robert Rubin)

    09/13/2004 9:22:16 AM PDT · by RWR8189 · 14 replies · 1,658+ views
    Republican National Committee ^ | September 13, 2004
    ABC'S GEORGE STEPHANOPOULOS: “Senator Kerry has said that he would take away the tax break that allows companies to not pay taxes as they as long as they keep the income overseas. Will that stop the outsourcing problem?”  KERRY ADVISOR ROBERT RUBIN: “No, I think that outsourcing is part of a much larger issue. It's part of trade liberalization, and trade liberation, as Senator Kerry has said and President Clinton used to say, is very much beneficial to our economic well being ...” (ABC’s “This Week,” 9/12/04)STEPHANOPOULOS: “It sounds like outsourcing isn’t that big a problem for the economy.” ...
  • The Rubinian Candidate

    08/16/2004 5:28:37 AM PDT · by OESY · 6 replies · 569+ views
    Wall Street Journal ^ | August 16, 2004 | STEVE FORBES
    ...Democrats are afflicted with the Curse of Robert Rubin. They think that Mr. Rubin persuaded Bill Clinton to boost taxes in 1993 and that, while the move was unpopular (it helped cost Democrats control of both houses of Congress for the first time in four decades), the tax hikes cut the deficit, which, in turn, reduced the "crowding out" of private investment by government borrowing, which, in turn, drove down interest rates.... Unfortunately ... there is no correlation between budget deficits and interest rates. In fact, no sooner did Mr. Clinton sign that tax legislation than interest rates began a...
  • More on the Clintons' Economic Connections to Kerry

    03/27/2004 2:16:32 PM PST · by MegaSilver · 2 replies · 135+ views
    The New York Times ^ | 28 March 2004 | Louis Uchitelle
    THEY are a motley team, the four members of John Kerry's war room for economic policy. Remember Roger C. Altman, the high-ranking Treasury official in the early Clinton years, forced out for being too loyal to his boss in the Whitewater investigation? He is one of them. Gene Sperling, a White House insider in all eight Clinton years, is another. Then there are two less-known 30-somethings: Jason Furman, a Harvard-trained economist, hired so recently that he is still working out of his Greenwich Village apartment, and Sarah Bianchi, who was Al Gore's policy adviser in 2000 and is now Mr....
  • The Rubin Recession

    03/25/2004 5:44:34 AM PST · by OESY · 9 replies · 212+ views
    Wall Street Journal ^ | March 25, 2004 | WAYNE ANGELL
    <p>Robert Rubin will never admit it, but the recession that began in the third quarter of 2000 was the direct result of the Clinton administration's attempt to pay down the federal debt. The Clintonites did this, you'll remember, by leaving tax rates high enough from 1995 to 2000 so as to direct a larger and larger share of the surge in growth of personal income to be paid in federal taxes. In the four quarters from the second quarter of 1999 to the second quarter of 2000 individual income tax receipts of the federal government increased by 11.4% -- exactly twice the 5.7% growth rate of personal income.</p>
  • Who are the G7 finance ministers? Market volatility used to facilitate global economy

    02/10/2004 2:13:48 AM PST · by JohnHuang2 · 6 replies · 484+ views
    WorldNetDaily.com ^ | Tuesday, February 10, 2004 | Joan Veon
    Who are the G7 finance ministers? Posted: February 10, 20041:00 a.m. Eastern By Joan Veon© 2004 WorldNetDaily.com BOCA RATON, Fla. – To most people the G7 finance ministers are just a bunch of guys who get together throughout the year and talk over the economy, but it is not just the U.S. economy – it is the global economy. In order to understand their position of power, we must go back to August 1971 when President Nixon took the dollar off the gold standard. The Group of Seven first met in 1973, two years after Nixon severed the last attachment the dollar...
  • Bob Rubin: All Wet.

    01/22/2004 7:03:21 AM PST · by Redcoat LI · 24 replies · 199+ views
    American Enterprise Institute ^ | 1/21/2004 | James K.Glassman
    Bob Rubin Print Mail All Wet By James K. Glassman Posted: Wednesday, January 21, 2004 ARTICLES Washington Times Publication Date: January 22, 2004 Robert Rubin, Bill Clinton's Treasury secretary, is back and he's everywhere. He's written a book. He's delivered a paper before the prestigious American Economic Association. He's giving loads of TV interviews. Among Democratic candidates who realize the election will turn on the economy, he's a popular guy. His endorsement is worth more than anyone else's even Clinton's. He could be the next Fed chairman. There's a lot to like about Bob Rubin, who is a graceful, intelligent...
  • Michael Lewis: Why Doesn't Rubin Trust You With His Thoughts?

    01/20/2004 8:46:58 AM PST · by presidio9 · 7 replies · 162+ views
    Bloomberg ^ | Jan. 16 , 2004 | Michael Lewis
    <p>In his newly published memoir, Robert Rubin recalls the day in October 1997 when the Dow Jones Industrial Average fell 554 points. He was U.S. Treasury secretary, and a lot of people felt he should come out of his office and say something, but really he didn't want to.</p>
  • Prosecutors Look To Stage A Parmalat Showdown

    01/06/2004 5:53:36 AM PST · by tom paine 2 · 3 replies · 225+ views
    The Financial Times | January 5, 2004 | Fred Kapner in Milan, Haig Simonian in Parma
    Investigative magistrates are threatening to stage a direct confrontation between two of the alleged masterminds behind the Parmalat scandal this week in an attempt to trace €10bn ($12.6bn) estimated to have disappeared from the bankrupt dairy group. Investigators in Parma on Monday subjected Fausto Tonna, Parmalat's veteran chief financial officer, to a day-long grilling. They are expected on Tuesday to turn to Gian Paolo Zini, Parmalat's chief legal counsel who helped set up many of the foreign and offshore companies now under scrutiny. If there are discrepancies between their testimonies, investigative magistrates are expected to organise a direct confrontation between...
  • The Unshakeable Stupidity of Robert Rubin

    12/11/2003 6:26:37 AM PST · by WaterDragon · 22 replies · 152+ views
    Oregon Magazine ^ | December 11, 2003 | Larry Leonard
    December 10, 2003 on the PBS News Hour with Jim “Who was that masked man?” Lehrer and the Redistributionist Rangers -- Pity Citygroup all ye who have compassion.. Like that sad equine which once supported the spectacularly arrogant Charles DeGaulle, this Jurassic financial enterprise is saddled with Robert Rubin – the man whose economic theories were born for the likes of the French. He got an economics degree from Harvard, a law degree from Yale and did post-grad economics study in England, where Karl Marx wrote the Communist Manifesto. Presently, he is the Chairman of the Executive Committee and a...
  • Russia's richest man in hot water

    08/07/2003 7:23:08 AM PDT · by DPB101 · 98 replies · 731+ views
    Cox News Service ^ | 8/7/03 | REBECCA SANTANA
    Advertisements for Russia's biggest oil company, Yukos, show a rocket blasting off. But these days an exploding rocket might be more appropriate. Yukos and the company's chairman, 40-year-old billionaire Mikhail Khodorkovsky -- by Forbes's account Russia's richest man -- are the subjects of a legal crackdown that seems to have the backing of the Kremlin. The campaign targeting Khodorkovsky and the company has Western analysts worried that Russia is backsliding into the kind of Byzantine power struggles of the 1990s that plagued the budding democracy. It all started July 2 when Platon Lebedev, a close associate of Khodorkovsky and the...
  • TILT TO TOTALITARIANISM

    08/03/2003 2:43:02 AM PDT · by DPB101 · 23 replies · 318+ views
    <p>LONDON — Three years after fleeing Russian President Vladimir Putin's attack on him and his businesses in Moscow, Russian billionaire Boris Berezovsky loiters in his manicured Surrey garden, watching history apparently repeat itself in Russia.</p> <p>In the past month, his fellow oligarch, Mikhail Khodorkovsky, head of Yukos — Russia's largest oil company — became a target of Mr. Putin's conflict with the oligarchs. In what is widely seen as an attempt to curb their political influence, Mr. Khodorkovsky's deputy was arrested and Yukos' offices were raided by masked police. Mr. Khodorkovsky's response was to announce that he will steer clear of politics until 2007.</p>
  • What Is Mine Is Mine, What Is Yours Is Negotiable

    07/30/2003 10:19:38 AM PDT · by DPB101 · 27 replies · 619+ views
    Rosbalt News ^ | 7/30/03 | Peter Lavelle
    The Kremlin-Yukos conflict, almost a month old now, has shaken the conventional wisdom many had come to accept about the Vladimir Putin presidency. In a nutshell, the standard interpretation before this happened was the following: Putin's 2000 agreement with the oligarchs called for strengthening the state without big business getting overly involved in politics. In turn, the state would not meddle too much in the affairs of the business empires - basically, in the Russian economy. Of course, there are many nuances, but, essentially, the Yukos fracas has put this 'social contract,' as it were, into question. Eventually, most likely...
  • WHATEVER HAPPENED TO SERIES: MARK LEVIN Joe Lieberman’s Cover-Up (backstory)

    03/03/2003 3:28:02 AM PST · by Liz · 15 replies · 223+ views
    NRO ^ | 7/23/02 | Mark Levin
    July 23, 2002 Where is Robert Rubin? The news this morning for Citigroup, Inc., one of Enron's largest creditors, is bad. The New York Times reports that "senior credit officers of Citigroup misrepresented the full nature of a 1999 transaction with Enron in the records of the deal so that Enron could ignore accounting requirements and hide its true financial condition, according to internal bank documents and government investigators." The Wall Street Journal reports that Enron "marketed similarly structured deals to a slew of other companies." And yesterday, the Washington Post reported that Citigroup, along with J. P. Morgan Chase...
  • Covering Rubin: Senate Dems work for the ex-Treasury secretary.

    01/03/2003 9:24:48 AM PST · by xsysmgr · 8 replies · 263+ views
    National Review Online ^ | January 3, 2003 | Mark R. Levin
    The New York Times reports Friday that "A report by the staff of a Senate panel has concluded that Robert E. Rubin, chairman of Citigroup's executive committee (one of Enron's largest creditors), "did not act contrary to law" in the weeks before Enron collapsed by suggesting to the undersecretary of the Treasury that he urge major credit-rating agencies to delay issuing a downgrade of Enron. Citigroup stood to lose more than $1 billion that it had lent to Enron if its credit rating was downgraded and the company subsequently collapsed. Mr. Rubin had been asked to make the call...
  • 2dthoughts

    08/21/2002 9:52:34 AM PDT · by Temple Owl · 6 replies · 188+ views
    Garnet Valley Press | 8-21-02 | William W. Lawrence
    2dthoughts8-21-02The Inquirer, in another desperate move to survive, is going to beef up its coverage in the suburbs. They getting rid of 10 part-time assistants and eliminating 23 positions in the newsroom. (My guess is there is evidence that some of these people voted for a Republican.)The Thursday Neighbors sections in Pennsylvania will be eliminated. Heh! I remember when a forgettable Inquirer Neighbors editor addressed the Delaware County Press Club a few years ago. He promised club members that Neighbors would quickly put the weekly newspapers (including ours) out of business. Another broken Inquirer promise.In another move, Inquirer Editor Walker...
  • U.S. Hedge Fund Supposedly Knew About Intervention (Robert Rubin's Citibank)

    08/16/2002 11:20:16 PM PDT · by LarryLied · 17 replies · 252+ views
    Frankfurter Allgemeine ^ | 9/27/2000 | Claus Tigges
    FRANKFURT. The intention of the European Central Bank to intervene in favor of the euro, along with other leading central banks, was apparently known several hours before the actual price-supporting currency purchases were carried out last Friday, according to market sources in Frankfurt. Supposedly, there was a leak in one of the participating central banks not in the euro-zone. On hearing about the impending intervention, Citibank, one of the leading currency traders worldwide, began buying up euros in large volumes for a U.S. hedge fund company, according to the rumor. The price of the euro had risen slightly against the...
  • Looting Russia's Free Market

    08/16/2002 7:13:59 AM PDT · by Stand Watch Listen · 14 replies · 393+ views
    INSIGHT magazine ^ | August 12, 2002 | Kelly Patricia O'Meara
    Americans are becoming only too aware of the financial tricks and deceit in which some of the nation's largest and most respected corporations engaged during the Clinton administration to pump up stock prices with fraudulently inflated profits. When the huge bubble no longer could be sustained the men and women at the top would bail out of their stock and pocket millions, leaving pensioners and other investors holding an empty bag. To market insiders these are known as "pump and dumps." While federal investigators are looking into the corporate malfeasance at Enron, WorldCom, Qwest Communications, AOL Time Warner and...
  • Looting Russia's Free Market (Clinton/Gore, Harvard - rampant greed and white collar crime)

    08/12/2002 1:57:14 PM PDT · by Ragtime Cowgirl · 21 replies · 435+ views
    Insight on the News (Insightmag.com) ^ | Aug. 12, 2002 | Kelly Patricia O'Meara
    Looting Russia's Free MarketPosted Aug. 12, 2002By Kelly Patricia O'Meara Media Credit: Darren McCollester/Newsmakers Americans are becoming only too aware of the financial tricks and deceit in which some of the nation's largest and most respected corporations engaged during the Clinton administration to pump up stock prices with fraudulently inflated profits. When the huge bubble no longer could be sustained the men and women at the top would bail out of their stock and pocket millions, leaving pensioners and other investors holding an empty bag. To market insiders these are known as "pump and dumps." While federal investigators are looking...
  • The Enron Cover-up Widens - Senate Dems play favorites

    07/26/2002 8:42:26 AM PDT · by gubamyster · 8 replies · 160+ views
    NRO ^ | July 26, 2002 | Mark R. Levin
    July 26, 2002 11:10 a.m. On Tuesday, Sen. Joe Lieberman, chairman of the Senate Governmental Affairs Committee, was asked whether he intended to call former Clinton Treasury Secretary Robert Rubin to testify about the Enron-Citigroup scandal. Lieberman's response: "I don't." He then passed the buck to Sen. Carl Levin, chairman of the Permanent Subcommittee on Investigations. Of course, the subcommittee falls under the jurisdiction of Lieberman's committee. If Lieberman wanted Rubin to testify, it would happen on his say-so. So, what does Levin think about calling Rubin as a witness? When asked last Tuesday he said: "I'd rather go to...
  • Lieberman and Robert Rubin, a Witness Not Interviewed - ENRON

    07/23/2002 11:43:46 AM PDT · by Tactical · 24 replies · 187+ views
    National Review Online ^ | 7-23-2002 | Mark Levin
    The news this morning for Citigroup, Inc., one of Enron's largest creditors, is bad. The New York Times reports that "senior credit officers of Citigroup misrepresented the full nature of a 1999 transaction with Enron in the records of the deal so that Enron could ignore accounting requirements and hide its true financial condition, according to internal bank documents and government investigators." The Wall Street Journal reports that Enron "marketed similarly structured deals to a slew of other companies." And yesterday, the Washington Post reported that Citigroup, along with J. P. Morgan Chase & Co., "transferred billions of dollars to...
  • Congress examining role of big investment banks in Enron's collapse

    07/23/2002 5:46:52 AM PDT · by Oldeconomybuyer · 3 replies · 166+ views
    Associated Press ^ | 7-23-02 | MARCY GORDON, AP Business Writer
    <p>WASHINGTON (AP) -- Congress is examining whether multimillion-dollar loans to Enron Corp. by big investment banks had the effect of helping the now-collapsed company conceal its true financial condition.</p> <p>The banks used complex financial schemes to boost Enron's anemic cash flow to match its profit growth on paper, according to lawmakers. The energy-trading company recorded the money from the bank loans as trades of natural gas and other commodities with an entity based in the Channel Islands off Britain.</p>