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When President William Jefferson Clinton swore in Robert E. Rubin (b. 1938) as the 70th Secretary of the Treasury, he was already one of the most knowledgeable and best prepared leaders of finance to assume the office. Before entering public service, Secretary Rubin worked for twenty-six years at Goldman Sachs & Company, one of Wall Street’s venerable investment firms, where he rose to the position of Co-Chairman. http://www.treas.gov/education/history/secretaries/rerubin.shtml
Maybe studio execs should consider doing a flick on the Three Financial Stooges, Robert Rubin, Lawrence Summers and Timothy Geithner. These numbskulls had a lot to do with getting us into the economic jam we find ourselves in. In fact, long before Barney Frank and Chris Dodd threw a gigantic wrench in the works when others were trying to stop Fannie Mae and Freddie Mac from hemorrhaging, the Three Financial Stooges laid the groundwork for the current economic catastrophe, and they did so under Bill Clinton’s administration. Rubin was treasury secretary, Summers was his assistant and Geithner served as an undersecretary. Rubin, Summers and Geithner lobbied then-President Clinton, and ultimately the Congress, to get rid of the Glass-Steagall Act, which stopped banks from entering into the securities market. They were also part of the group that rammed the Commodity Futures Modernization Act through. 'Special Relationship' Spotlights Bill
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