Hmm... Robert Rubin?
Obama is rolling out his economic team at noon eastern, and three people he is expected to name--Timothy Geithner, Larry Summers, and Peter Orszag--are all Rubin protégés. (More on his nominations here.)
Rubin came across as part of the problem at Citigroup in the NY Times article I linked to yesterday.
Slate.com had this to say last month:
The housing bubble has burst. The financial services industry is a ward of the state. Insurance companies and automakers are tottering on the brink of bankruptcy. Consumer credit is drying up along with consumer confidence. Banks have stopped lending money, and big corporations have started laying workers off. 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.
And here's some background from a 2007 American Prospect article.
Labels: economy, U.S. politics
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