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Why isn't Robert Rubin going to Jail?
KCBS.Com ^ | 4/13/2010 | Dave Padilla

Posted on 04/13/2010 6:15:45 PM PDT by DOGHEAD

Robert Rubin was a top executive at Citigroup when the mortgage-securities disaster struck. He went before the Financial Crisis Inquiry Commission recently and expressed regret for the crisis that helped create a tidal wave of foreclosures in the U.S.

(Excerpt) Read more at kcbs.com ...


TOPICS: Business/Economy
KEYWORDS:
Robert Rubin made $126 while the economy crumbled. While Bernard Madoff went to jail. Robert Rubin claims he had zero knowledge that Citi was involved in risky CDO's that cost the taxpayers $45 Billion. Rubinites still surround the current administration.
1 posted on 04/13/2010 6:15:45 PM PDT by DOGHEAD
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To: DOGHEAD

Obviously I meant $126 Million while the economy crumbled.


2 posted on 04/13/2010 6:17:35 PM PDT by DOGHEAD
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To: DOGHEAD

Why isn’t Bawney Fwank and Chris Dodd not in jail either? They’re the ones who used Fannie and Freddie as personal political piggie banks.


3 posted on 04/13/2010 6:19:01 PM PDT by rbosque (11 year Freeper! Damnant quod non intellegunt.)
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To: DOGHEAD

He should have gone to jail when he asked Bush’s Treas Sec to withhold his ruling on Enron so he could get his customers out of the stock. I believe it was O’Neil who reported what Rubin had done.

Further, when O’Neill left the msm was touting Rubin for his replacement.


4 posted on 04/13/2010 6:19:16 PM PDT by Carley (Are you better off than you were four trillion dollars ago?)
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To: DOGHEAD

Because he’s a Democrat.


5 posted on 04/13/2010 6:24:49 PM PDT by dr_who
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To: DOGHEAD

Because to be convicted of a crime, the facts have to be proven beyond a reasonable doubt.

Rubin claims that he did not know what was going on. Can anyone prove that he did? SOX applies to the CEO, but not to the BofD.


6 posted on 04/13/2010 6:24:59 PM PDT by proxy_user
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To: proxy_user

Well, If he was that un informed to not know that the company that he was heading was allowing put backs on the products that they were selling to the tune of $45 billion
then he has to be the most inept and incompetent head of a company since the beginning of time. And if that is true then why are all of his cronies still running the economy?


7 posted on 04/13/2010 6:28:53 PM PDT by DOGHEAD
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To: rbosque

Exactly. Hey, wasn’t there a post over the weekend that Barney baby wasn’t going to run for re-election?? Haven’t heard anything since...Anyone know about it?


8 posted on 04/13/2010 6:33:42 PM PDT by hstacey
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To: DOGHEAD

Rubin is part of the World Elite. He will never see jail.


9 posted on 04/13/2010 6:35:03 PM PDT by bmwcyle (Free the Navy Seals)
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To: DOGHEAD

wait wait wait!! I know this one!

Because he’s a Democrat?


10 posted on 04/13/2010 6:51:25 PM PDT by Mr. K (This administration IS WEARING OUT MY CAPSLOCK KEY!)
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To: Mr. K
Robert Rubin and Sanford Weill should both be in jail by now. They were the two biggest forces behind the repeal of Glass-Steagall, which ultimately led to the banking industry's collapse.

The Long Demise of Glass-Steagall

11 posted on 04/13/2010 6:59:14 PM PDT by Azzurri
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To: DOGHEAD

He was not the ‘head’ - that honor belonged to Charles Prince. He was a member of the Board of Directors, which many investors regard as little more than a rubber stamp for management.

Prince didn’t know anything either.


12 posted on 04/13/2010 7:01:28 PM PDT by proxy_user
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To: hstacey

Not me. I hope for the good of the nation he stays home.


13 posted on 04/13/2010 7:03:32 PM PDT by rbosque (11 year Freeper! Damnant quod non intellegunt.)
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To: dr_who

Exactly. The same question was asked about a certain senator from Mass for the last 40 years too.


14 posted on 04/13/2010 7:07:43 PM PDT by xp38
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To: proxy_user

The testimony said that he received a memo from staffers warning about the CDO’s which he ignored. Both should be in jail. I personally believe that Rubin (and others) were the architects of this at Citi, or at least had knowledge of what was going on. Can anyone prove it? Probably not but we don’t seem to have anyone pressing it either.
Taxpayers will get to pay for the bailout.. Well, I know they paid back $20 Billion so they still owe. This is a SOB that owes the taxpayers $25 billion yet he is allowed to run around lecturing with a $126 million payout. His buddies are all on Obama’s economic team at the White House.


15 posted on 04/13/2010 7:12:28 PM PDT by DOGHEAD
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To: rbosque

Me too. He’s a big reason the nation is in the mess it’s in....


16 posted on 04/13/2010 7:16:55 PM PDT by hstacey
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To: DOGHEAD

Remember the media and Congressional lynch mob out for Ken Lay and the rest of the Enron executives. Enron was a minor blip compared to the damage done by Rubin and other Wall Street investment bank speculators.

Lay had the misfortune of being from Texas and supporting Republican candidates. Rubin and other perpetrators of the current crisis had the fortune to be members of the Eastern liberal elite.

Two sets of standards in this country. Like it, change it, or leave.


17 posted on 04/13/2010 7:34:05 PM PDT by Soul of the South (When times are tough the tough get going.)
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