wcaseym (82.25)

Rubin, Rubin, ... and Rubin!

January 10, 2009 – Comments (1)

There is no law that prevents Rubin from taking your money and spending it at the casino.  He and Summers are now the law!  Thanks, O-bomb-a!

Either you didn't like Rubin -- or you were him

How will people remember the Robert Rubin era at Citigroup? Right now, the smart money is on "a nightmare." For all of his supposed prowess in financial markets, the former Goldman Sachs Group Inc. banker and U.S. Treasury secretary presided over an era of scandal and then risk overload during his nine years as a director and consultant at the financial-services conglomerate. His tenure began with the tainted-research scandal that entwined analyst Jack Grubman and then-Chief Executive Sandy Weill. Then came the missteps that led to Citi's shutting down part of its Japanese banking unit in 2004. [....]

Rubin Is Stepping Down at Citigroup

Robert E. Rubin, the former Treasury secretary who is an influential director and senior adviser at Citigroup, will step down after coming under fire for his role in the bank’s current troubles, the bank confirmed Friday. Since joining Citigroup in 1999 as an adviser to the bank’s senior executives, Mr. Rubin, 70, who is an economic adviser on the transition team of President-elect Barack Obama, has sat atop a bank that has made one misstep after another.[....]

Rubin Departs Citi on a Low Note

Robert Rubin arrived at Citigroup Inc. more than nine years ago as one of the world's savviest and most respected financial executives. After collecting $115 million in pay, he leaves with his star diminished. The former Treasury secretary was credited with helping control two big financial crises during his time in Washington: the Mexican peso devaluation and the Asian financial meltdown. But he acknowledges that he underestimated the scale of the current financial crisis. In his resignation letter to Citigroup Chief Executive Vikram Pandit, Mr. Rubin wrote that his "great regret is that I and so many of us who have been involved in this industry for so long did not recognize the serious possibility of the extreme circumstances that the financial system faces today."[....]

C.