Of course the press conveniently forgets that Rubin was from Goldman Sachs just like Paulson.
Dirty Money, Dirty Politics and Bishop Estate
Stealing the Legacy of a Hawaiian Princess
. . . . 1992 - Bishop Estate trustees invest $250 million of the trust's money in Goldman Sachs.
1992 - Bishop Estate invests $31 million in Mid Ocean Reinsurance Co. with partners J.P. Morgan & Co, Marsh & McLennan Co. and Texas deal-maker Richard Rainwater. While a director of Mid Ocean, estate trustee Henry Peters received substantial director's fees and received options to acquire 6,000 shares of Mid Ocean Stock.
1993 - Bishop Estate, The MacArthur Foundation, and Duke University Endowment Fund back the formation of a Boston merchant bank called Orion Capital Partners LP.
1993 - Robert Rubin, worth an estimated $100 million at the time, resigns Goldman Sachs to join the Clinton administration. Rubin makes a phone call to Bishop Estate and the estate "insures" Rubin's stake in Goldman Sachs for $100,000 a year -- a real "sweetheart deal" for poor Rubin?
1994 - Bishop Estate invests another $250 million in Goldman Sachs.