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December 3, 2008 1:40:46 PM CST

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Robert Rubin

Robert Rubin news stories

10 Stories

Obama Fiscal Team Reunites Rubin Protégés

But even ex-Treasury boss losing Clinton-era free-market policies

New York Times New York Times Nov 24, 08 9:54 AM CST
(Newser) - Barack Obama’s incoming administration is stocked with acolytes of Bill Clinton-era Treasury Secretary Robert Rubin, reports the New York Times . But even Rubin and his protégés are no longer quite as enamored as they once were of so-called Rubinomics—deregulation, balanced budgets, and free trade. Facing economic crisis, Rubinistas like Larry Summers and Timothy Geithner—and Rubin himself—are now sounding more like their liberal critics. More »

More about:  Obama administration • Timothy Geithner • Larry Summers • Robert Rubin • economic adviser

Paulson:
We're Doing
the Right Thing

Bush administration 'creatively working'
on financial crisis

ABC News ABC News Nov 17, 08 9:00 PM CST
(Newser) - On the eve of his testimony before Congress, beleaguered Treasury Secretary Henry Paulson used last night's speech to defend the administration's response to the nation's "unprecedented" financial crisis. Paulson said without the $700 billion Wall Street bailout, things would be even worse, ABC News reports. "It's hard to get credit for what didn't happen," he said. More »

 Rubin Won't Take Treasury Post 

Decision paves the way for another former Secretary, Lawrence Summers

Bloomberg Bloomberg Nov 6, 08 2:50 PM CST
(Newser) - Former Treasury Secretary Robert Rubin, a top economic adviser to Barack Obama during the campaign, will not reprise that Cabinet role in the new administration, Bloomberg reports. “I've spoken with him and told him I'm not interested in going back into government,” Rubin said today. His denial boosts the chances of another former Treasury chief, former Harvard president Larry Summers. More »

Obama Donors Get to Hang With the Big Kids

Fundraisers with Kerry, Buffett kept the fat checks coming in

Politico Politico Oct 29, 08 2:18 PM CDT
(Newser) - Barack Obama’s money machine has kept rolling thanks, in part, to a series of intimate fundraisers headlined by his top advisers, Politico reports. In exchange for a mere $28,500, Obama supporters could snag seats at a dinner with Warren Buffett or a “Round Table Discussion” with Robert Rubin. Slimmer wallets could attend a reception with John Kerry for as low as $250. More »

More about:  Barack Obama • Election 2008 • campaign finance • John Kerry • Warren Buffett • fundraiser • Robert Rubin

Candidates Diverge on Picking the Next Paulson

McCain looks to big names; Obama seeks to sooth markets

Bloomberg Bloomberg Oct 7, 08 5:34 AM CDT
(Newser) - The post of Treasury secretary may be the most important appointment the next president has to make and John McCain and Barack Obama seem to be using different criteria, Bloomberg reports. McCain has mentioned big names like billionaire investor Warren Buffett and former eBay CEO Meg Whitman, while insiders say Obama's shortlist will be topped by market-reassuring names like New York Fed chief Tim Geithman. More »

Labor Blasts Obama's Top Economist

Unions worry that candidate is tilting toward Wall Street

New York Times New York Times Jun 12, 08 7:37 AM CDT
(Newser) - After locking up the Democratic nomination, Barack Obama moved quickly to bring Clinton supporters into his general election tent, including Robert Rubin, President Clinton's treasury secretary. Jason Furman, an economist closely associated with Rubin, was hired as economic policy director, and that's provoked the ire of labor unions, who see him, along with his mentor, as tilting toward Wall Street, writes the New York Times . More »

More about:  Barack Obama • labor • economics • labor unions • Robert Rubin • economist • AFL CIO • Jason Furman

Clinton Calls for Blue-Ribbon Mortgage Panel

Emergency plan would enlist Greenspan,
other big thinkers

Reuters Reuters Mar 24, 08 2:39 PM CDT
(Newser) - Ex-Fed chief Alan Greenspan and other high-profile economic bigwigs should take the lead in deciding whether the government should buy homes affected by the housing crisis, Hillary Clinton says. "As it has in the past, this kind of temporary measure by the government could give our economy the boost it needs and families the help they need," the candidate said today in Philadelphia. More »

More about:  Hillary Clinton • subprime crisis • Barney Frank • Alan Greenspan • Chris Dodd • Robert Rubin

Struggling
Citi Names
Pandit CEO

Megabank looks to former Morgan Stanley prez to lead recovery

Bloomberg Bloomberg Dec 11, 07 2:19 PM CST
(Newser) - Citigroup today named Vikram Pandit its new CEO. The current head of private-equity and hedge-fund investments will be charged with leading the bank's recovery from staggering losses in the subprime collapse and a 38% drop in its share price this year. The ex-Morgan Stanley president joined Citigroup in April; he replaces Charles Prince, forced out last month. More »

More about:  Citigroup • Morgan Stanley • Robert Rubin • Vikram Pandit • Charles Prince

Rubin Named Chairman of Citigroup

Prince out; company
to report $8-11B more
in writedowns

Wall Street Journal Wall Street Journal Nov 4, 07 6:00 PM CST
(Newser) - Citigroup CEO and Chairman Charles Prince resigned today, clearing the way for former US Treasury Secretary Robert Rubin to be named chairman, the Wall Street Journal reports. Sir Win Bischoff was named interim chief executive. Citigroup also plans to report $8-$11 billion in mortgage-related writedowns, on top of the $2.2 billion in third-quarter losses that helped sink Prince's leadership. More »

More about:  credit crisis • subprime crisis • Wall Street • Citigroup • SEC • Robert Rubin • Charles Prince

Prince to Resign From Citigroup

CEO takes 'very unusual move' after bleak third quarter earnings and SEC probe

Wall Street Journal Wall Street Journal Nov 2, 07 7:36 PM CDT
(Newser) - Growing pressure on Citigroup Inc. is prompting CEO Charles Prince to end his four-year rein this weekend. Bleak third-quarter earnings and an SEC probe of Citigroup's accounts have amped up existing frustration at the financial services company. Prince has "stepped up and done the right thing without forcing the board to act," once source told the Wall Street Journal . More »

More about:  subprime crisis • Wall Street • Citigroup • Time Warner • Robert Rubin • Charles Prince

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