It would be awfully hard for the media to keep Rubin's name out of the story now, won't it? Especially if he's partly responsible for the potential collapse of the entire banking industry!
-PJ
Not out of the financial press, no ... but the regular liberal media is quite expert at covering the asses of their favorite, well, asses, until the story becomes literally too big to ignore. Rubin still has some breathing room here, at least for now.
Not at all.
He'll be on vacation at some VERY secluded spot, with no cel phone. Oh, and he'll be with his family, so we MUST respect his privacy.
Next, scream Halliburton and Harkin, and the paper goes to bed.
I'm surprised that no one has looked at William B Harrison's leanings. He's the CEO of JP Morgan Chase and an old buddy of Erskine Bowles from prep school. See the following from http://www.nymag.com/page.cfm?page_id=5763
Stranger still was the firm's $60 million investment, in October 1999, in Intelisys (which became Metiom). At the time, the company was little more than an in-house software company incubated by Chase Manhattan. It aimed to develop software to feed the then booming business-to-business procurement market on the Internet. B2B, in the parlance of the time, was the hot investment theme. And since Bowles was a prep-school classmate of fellow North Carolinian and Chase CEO William Harrison, it was natural that Intelisys go first to Forstmann Little.
While Bowles was a board member of McLeod, tiny little Metiom, over which he presided as board chairman, was the company that absorbed the vast bulk of his time. For over a year, Bowles logged hundreds of hours trying vainly to use his comprehensive Rolodex to bring the company business.
It was an odd pairing. Bowles's $4.28 million salary at Forstmann Little was not far from Metiom's entire revenue. Forstmann had employed a similar strategy when he had recruited Donald Rumsfeld to whip his bedraggled General Instrument into shape in the early nineties. And Bowles did try to make some rain.
Never, ever, underestimate the hypocrisy of Big Media. Ever.
Yes! It will be fascinating to watch as they successfully DO JUST THAT.
BTW, this is pure tinfoil hat stuff, but if this secret Fed meeting is true, the thought occurs to me, did Cheney go aboard that submarine off Fla in order to have a top secret meeting that would be impossible to electronically overhear, or wiretap? Maybe by foreign sources?
Maybe something big is going on behind the scenes, because the dems/media have W. directly in their sights now, and they WILL drag him down and the GOP also in November unless something BIG comes along to stop them in their tracks.