Tag Archive | "Robert Rubin"

Robert Rubin Mouthing Off: The Turd That Won’t Go Away

Robert Rubin is like that turd that just won’t flush away. You know, no matter how many time you keep pressing the lever, it sticks around. That’s Robert Rubin. And here he is again, swirling around the toilet bowl of corrupt politics, of financial elite arrogance, mouthing off when, in a just world, he’d either be in jail, without a job or, at least, irrelevant.

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Restoring Glass Steagall

The bankers and other elites who were behind the global financial crisis are still out there making a whole lot of money — so the system has not really changed much. The message has been: hey, screw millions of people, no problem, go right ahead and keep your jobs. But, a smidgen more of this might help.

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Rise of Another Corporate Mouthpiece to Destroy The Middle Class

Yet another installment in the decades-long white flag of surrender to the corporate elite took place in a relatively unnoticed vote — what, with the more important, front-page, relentless coverage of the passing of what’s-his-name Gandolfini. The country has a new trade representative…well, that’s not really accurate — Citibank has a new trade representative.

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Bob Rubin Dodges Another Bullet, His Reign Continues

Citibank’s decision to settle a huge lawsuit over misrepresentations it made to investors is yet another moment to consider how people who contributed to the financial crisis just skate free and clear. Such is the good fortune of Robert Rubin — unscathed, rich and, hard to believe, still listened to.

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The False Prophets From the “Center” Elite

It is a waste of time to jump up and down and scream about the ludicrous nature of the Republicans “ideas” about the economy, and, specifically, the proposal put forth by John Boehner regarding the phony debt and deficit “crisis”. These people are nuts and, worse, they either lie or are ignorant about the facts when it comes to the economy. So, it’s more important, in my humble opinion, to ponder the proposals floated out there by people who claim to be representing the “left” or “center” and, even more astonishing, “the last good economy”.

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Little Fish, Big Fish: The Illusion of the Prosecution of Wall Street

Gupta. Rajaratnam. Blaring headlines are a potentially dangerous distraction from the truth: the bankers responsible for the economic catastrophe that wiped out millions of jobs and trillions of dollars in wealth are still free and clear, reaping tens of millions of dollars more and laughing all the way to next purchase of a yacht or […]

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Citi Big Fish Skate, Leave Minnows and Workers Holding The Bag

   Pardon me while I yawn. The measly fine that Citigroup is paying to settle civil complaints charging that the bank defrauded investors is really something else: it’s a stay-out-of-jail, keep-your-reputation card for Robert Rubin and a lot of other senior Citi officials, past and present. Instead, this deal–as was true with the miniscule fines […]

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S&P Is Just A Tiny Cog in The Corrupt System

    I am perplexed by the storm of criticism leveled at Standard & Poor’s. Don’t get me wrong–that S&P, or any of the ratings agencies, is even taken seriously is a monumental farce, given their role in the financial crisis.   But, we’re missing the point:   It is a mistake to solely blame the […]

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Insider Trading Conviction: Nabbing The Little Fish, Letting Real Crooks Skate

   The man behind the curtain is working hard, I’ll tell you. The spectacle out front, full of blaring headlines and prosecutors hype, tells us: we got those bad guys. Really? Nonsense.     We’ve all read about this: Federal prosecutors in Manhattan accused Raj Rajaratnam, the chief of the Galleon Group, of being at the […]

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Robert Rubin, Robber Baron (Liar?)–A Threat To The People And The Democratic Party

     Forget the criminals on Wall Street. What is more telling, troubling and almost bizarre is how quickly the chattering classes and political power brokers have shaken off the stain of the financial crisis, inviting back to center stage some of the very people responsible for destroying trillions of dollars in wealth and costing millions […]

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Robert Rubin Is Lying

   Yesterday, Robert Rubin testified before the commission investigating the financial crisis: But Robert E. Rubin, the former Treasury secretary, faced withering questions from the panel, the Financial Crisis Inquiry Commission, for his spare expressions of remorse. Repeatedly playing down his role as chairman of the executive committee of Citigroup’s board, he was met with […]

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The NYTimes Tries To Make Up

   The financial collapse a year ago was also, in my mind, a further sign of the bankruptcy of the traditional media. Even though the rising real estate and stock market bubble were obvious for a number of years, The New York Times rarely took on the greed in Wall Street, treating, particularly in the […]

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Bye-Bye Wealth–And It Wasn’t Just Bernie’s Fault

Oh, don’t get me wrong–Madoff will, and should, die in prison. But, there is a downside to all this obsession with Bernie Madoff–his crimes are miniscule compared to the legalized robbery that went on in Wall Street and devastated the lives of millions of people. And we can’t let the media circus around Madoff let […]

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Bye-Bye Wealth–And It Wasn’t Just Bernie’s Fault

Oh, don’t get me wrong–Madoff will, and should, die in prison. But, there is a downside to all this obsession with Bernie Madoff–his crimes are miniscule compared to the legalized robbery that went on in Wall Street and devastated the lives of millions of people. And we can’t let the media circus around Madoff let […]

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Forget Social Security Taxes: Geithner, Robert Rubin and Citigroup

The traditional press has ample capacity to obsess about stupid things but very little capacity to dig deep (yes, I know, I’m stating the obvious). Today’s example: Timothy Geithner. Yes, the guy messed up and, I’m going to take his word for it, forgot to pay some social security taxes. But, the real question is: […]

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Rubin Cleared Out Before The Shit Hits The Fan

   Ah, yes, another chapter in the saga of the great financial guru, Robert Rubin–you know, the guy who the entire political and media establishment fawned over for almost two decades as the all-knowing, all-seeing, wise man of the global financial world…until, of course, the entire financial house of cards collapsed in large part because […]

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