Monday, January 12, 2009

Market Meltdown

Robert Rubin's Free Ride from Slate

How does Clinton's Treasury secretary escape blame for the market meltdown?
Robert Rubin, the former Treasury Secretary in the Clinton administration, left his high-ranking position at Citigroup today dogged by criticism for his role in the bank’s ongoing financial trouble....

The stock market is at a five-year low. But amid the greatest financial panic since the Great Depression, the market for one asset stubbornly resists correction: the immaculate reputation of Robert Rubin, former Treasury secretary and pre-eminent economic wise man of the Democratic Party.
This is an informative piece that covers other players and enactments. It's just that Rubin hasn't been held responsible as have the other players.

Change you can believe in! More Transparency!

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