"Dennis Gingold, a lawyer for the Indians, reacted angrily: "I think Mr. Rubin should go to jail for this. This is criminal contempt."...."
""....The forced resignation today of disgraced Clinton Treasury secretary Robert Rubin may have been a result of imminent further exposure of a vast array of corrupt activities, from Treasury's attempted coercion of United States Secret Service agents to lie during their Filegate testimony in 1996 and the agents' criminal prosecution as a result of that testimony, to today's New York Times story "CHINA SENT CASH TO U.S. BANK, WITH SUSPICIONS SLOW TO RISE" ....However, the final straw that broke Rubin's back could well have been a brilliant investigative journalism article by the USA TODAY's Tom Lowry on May 3, 1999, "TRUST SCANDAL HAUNTS GOLDMAN/SULLIED BISHOP ESTATE OWNS 10% OF BANK/HIGHLY PAID TRUSTEES FACING ACCUSATIONS, CHARGES", which was excerpted in a May 5, 1999 FreeRepublic article .... Mr. Lowry exhaustively details the utterly corrupt activities of Hawaii's giant Bishop Estate in general, and a highly suspect transaction between the Bishop Estate and the personal financial account of Robert Rubin in particular. Rubin is also a former chairman of Goldman Sachs and whose Treasury department regulates both the Bishop Estate and Goldman Sachs. Rubin apparently operated at Treasury, regulating both the Bishop Estate and Goldman Sachs, will full awareness of his massive conflicts of interest involving his personal investments, the Treasury department, the Internal Revenue Service, Goldman Sachs, and the Bishop Estate..... "...I am a professional stock market investor myself. ...... For those of you with the Black Scholes model, just set the price of Goldman Sachs at 100, set the expiration date at a year from now of a put option with a strike price of 100, and tell me what you get. I bet that put is worth at least 20, or twenty percent of the value of the underlying stock position. In the case of Rubin's Goldman stock holdings in 1993, the at the money, one year put warrant would be worth at least $20 million annually, not $100,000...... THIS WOULD SUGGEST AN "AT THE MONEY ONE YEAR PUT OPTION" ON RUBIN'S 1993 GOLDMAN SACHS HOLDINGS WAS WORTH WELL OVER $20 MILLION!!! With the value of Rubin's Goldman Sachs holdings appreciating in recent years, the value of the Bishop Estate put on $100 million of underlying Goldman value sold to Rubin would decline, but I think it is fair to say that Rubin, via this put maneuver with the Bishop Estate, a charity, may have received illegal gratuities, in 1993 alone, if he paid only approximately $100,000 for his one year, at the money Goldman put warrant which was in fact worth well over $20 million...."
WOW!!! This dude's just danglin' out there waiting to get picked off by a criminal investigator with some cajones!!
FReegards...MUD