Last week, PBS “Frontline” produced a story that describes how Bob Rubin, Easy Al, Larry Summers and others prevented Brooksley Born of the CFTC from instituting controls on the OTC derivative market in the late nineties. “I didn’t know Brooksley Born,” says former SEC Chairman Arthur Levitt, a member of President Clinton’s powerful Working Group on [...]...
Daily Intelligencer - New York Magazine (Free subscription) | 11/04/2009
... boring. Stan O'Neal is just ruthless. Dick Fuld is just kind of nasty, Chuck Prince is a doofus, Bob Rubin is kind of out to lunch but the culture of [Bear Stearns] has always been kind of interesting to cover. Well, ironically, it seems like Bear Stearns produced more of the guys who "saw it coming," so to speak, than Goldman. John Paulson was a Bear guy, Kyle Bass was...
... United States believes in a strong dollar" When the strong dollar policy was formulated by Bob Rubin in 1995, it was sincere and served a purpose. After all, the Treasury market had experienced a horrible sell-off the previous year and the buck made all-time lows against the JPY and DEM in 1Q95, prompting the last bit of multilateral currency intervention in which the US was an enthusiastic...
It will be worth watching if we can see the role that the Fed under Alan Greenpsan played, during the Clinton Administration, to set the US on the road to financial crisis. This was done in concert with Bob Rubin, Larry Summers and Tim Geithner, representing the vested interests of the Wall Street banks. Many of the same players that were involved in this have been brought back to Washington...
Tony Blair, the former British prime minister who turned a once-progressive party into Tory-lite, is now in line to be the first President of Europe. Given Blair's central role in creating the conditions that invited Britain's financial collapse, this idea makes about as much sense as putting protégés of Bob Rubin in charge of cleaning up after the mess that Wall Street made (whoops,...
HOLLYWOOD - SEPTEMBER 25: (L-R) Executive Producer Michael Catt, executive producer Jim McBride, President of Samuel Goldwyn Films Meyer Gottlieb, Provident's Ben Howard, actor Kirk Cameron, Sony's Bob Rubin, Sony's Lexi Wong, and filmmaker Alex Kendrick attend the premiere of Samuel Goldwyn Films' "Fireproof" at the Fire Museum on September 25, 2008 in Hollywood, California. (Photo by Stephen...