RUBIN + SUMMERS = PRO-GOP + PRO-UNFAIRNESS + PRIVILEGED ELITISTS = DESTROYED AMERICAN MIDDLE CLASS TO ENRICH THE MULTINATIONAL $BILLIONAIRES
Greenspan once remarked that he considered Rubin the best Republican secretary of the treasury ever, though he was a Democrat.
OBAMA got his chance at the Presidency by aligning himself with Robert Rubin using Rubin’s connections to the multitude of CROOKS (SUMMERS AND GEITHNER) in the Clinton White House. Rubin saw Obama as someone he could MOLD into a NEAR-PERFECT WALL STREET PUPPET run by RUBIN’S CONFIDENCE MEN. Rubin had already done that with BILL CLINTON.
Suskind’s “Confidence Men” = CONTINUATION OF NIXON TO BUSH IN THE WHITE HOUSE = EVERYTHING FOR WALL STREET + NOTHING FOR MAIN STREET
Candidate Obama had to have a crash course in economics as ROBERT RUBIN TOOK CONTROL OVER FILLING THE STAFF AROUND OBAMA WITH SEASONED WALL STREET CROOKS AND SUPPORTERS. = CONFIDENCE MEN = THE OLD TERM FOR SCAMMERS AND FRAUDS.
Lawrence Summers is quoted as saying to Budget Director Peter Orzag at a dinner that “There’s no adult in charge. Clinton would never have made these mistakes.”
SUMMERS (RUBIN CONRAD) RAN THE SHOW FOR RUBIN AND FORCED HIS WARPED VIEW OF THE WORLD ON THE 7O+ WALL STREET SYMPATHIZERS.
Paul Volcker = President is too reliant on Summers, smart, but not smart enough.
Deep dissatisfaction of economic team with Summer’s imperious and heavy-handed direction of the economic policy process.
Suskind says Geithner was working behind the scenes to neutralize Elizabeth Warren and prevent her being named to lead the new Consumer Financial Protection Bureau – per bankers’ demands.
Lack of managerial experience and understanding about human pride and greed
Obama is deeply invested in elitism and a naive admiration for the so called “intellectual” East Coast/Harvard/Yale/Washington, D.C. crowd.
Obama’s belief in the wisdom of the pompous Larry Summers as his top economic advisor reflects this gross naivete.
CONFIDENCE MEN = EXPLAINS the deep hole this country has dug for itself.
Obama and Bush = Sadly lacking in basic oversight of the “hogs” in banking and on Wall Street.
The “gaming” of the American economy
The ascent of Barack Obama
The crisis on Wall Street.
Oligarchy = “Government Capture” = Oligarchs own the government.
Obama was ill-prepared to negotiate with Wall Street. They had the money and the expertise.
DESTROY OBAMA “Deconstructing Obama”
DESTROY OBAMA “America’s Half Blood Prince.”
Strong look at how legislation is made = Healthcare reform bill = Healthcare insurance reform
Wall Street + White House = Confidence Racket = Manufacture SCAMS
Wall Street struggled to grab $TRILLIONS to save itself using Obama as their cover.
Wall Street used SCAMS + FRUAD + MISREPRESENTATION + ROBBERY + $1OO MILLION BONUSES + $5 BILLION HEDGE FUND SCAMS LIKE JOHN PAULSON AND GOLDMAN ABACUS DEAL + JPM MULTITUDE OF SCAMS + HIDDEN ACCOUNTING FRAUD + FRONT RUNNING + PACKAGING OF CHIOT + FAKED SAFETY RATINGS + MARKET MANIPULATION + SCAMMING OF CLIENTS + ROBBING OF BANK ACCOUNTS TO CREATE THE LARGEST HEIST IN HUMAN HISTORY.
WALL STREET REJECTED = Transparency + Accountability + Fair Dealing = Stunning Robbery of Wealth
Obama = GAINED PROGRESSIVE SUPPORT BY PROMISING TO END TE WALL STREET SCAMS AND DOMINATION BUT THEN LOADED HIS WHITE HOUSE WITH 7O+ WALL STREET CROOKS AND SYMPATHIZERS LED BY THE WORST TWO = RUBIN AND SUMMERS. = TOTAL FLIM-FLAM
ONCE PRESIDENT = OBAMA TURNED HIS BACK ON HIS PROMISES ANDON MAIN STREET AMERICANS = THE 99%
OBAMA = Stood on the stage in Grant Park, a shudder went through HIM being in command of Washington, taming CROOKS in NYC, and rescuing the economy = First real management job of his life.
OBAMA = ALLOWED ROBERT RUBIN (CLINTON MULTINATIONAL SCAMMER WHO RELEASED THE TERRORIST ON WALL STREET) to surrounded Obama with RETREADED CLINTON WALL STREET FRAUDSTERS = CONFIDENCE MEN = So-called team of seasoned players = Rahm Emanuel + Larry Summers + THE CONNECTED Tim Geithner (RUBIN + PETERSON) = LIKE A DRUNK TAKING ANOTHER DRINK TO SOLVE HIS DRUNKENNESS.
CONFIDENCE MEN = Obama’s deputies = Ignored the president’s decisions
CONFIDENCE MEN = Claiming “to protect (Obama) from himself” fought to seize control of a rudderless White House = Bitter disputes HELPING WALL STREET and ignoring MAIN STREET = Policy ruled the day.
CONFIDENCE MEN = OVERTOOK the Obama administration as Obama struggled to grow into the world’s toughest job and, in desperation, take control of his own administration.
Suskind = Defines an ensemble of OLD titans of high finance + A few reformers + Petulant congressmen (DODD) + WELL FUNDED LOBBYISTS = Tight circle of WALL STREET Advisers = CONFIDENCE MEN out to protect WALL STREET CR$OO$KS.
Confidence Men = Collusion and conflict between WALL STREET and GOVERNMENT with WALL STREET MONEY WINNING AGAIN. = A WELL OILED MACHINE AGAINST 99.99% OF HUMANITY.
Robert Rubin (1938-present) = Bankster Executive = Secretary of Treasury-Clinton
Rubin = 26 years at Goldman – Served on board + co-chairman from 1990 to 1992
Rubin = PUSHED the loosening of 1930s financial industry underwriting guidelines
Rubin = Director + senior counselor of Citigroup = SENT THEM TO BANKRUPTCY = Chairman November to December 2007+ resigned January 9, 2009 TO CONTROL OBAMA = $126 Million in cash and stock from Citigroup = Bailout by US Treasury
Rubin = Founder of The Hamilton Project to RIP-OFF THE SAFETY NETS for MULTINATIONAL $BILLIONAIRES like himself.
Rubin = Co-chairman on WAR-MONGERING Council on Foreign Relations = SCAMS TO TAKE MIDDLE CLASS MONEY TO FIGHT FAKE WARS TO EXPLOIT RESOURCES AND PEOPLE FOR MULTINATIONAL LOOTING.
Rubin = Connected to Harvard and Obama = Saw the Potential of Obama being the PERFECT PUPPET FOR WALL STREET
Rubin = Counselor to Centerview Partners, an investment banking advisory firm based in New York City.
Rubin = Born in NYC and moved to Miami Beach, Florida, at an early age
Rubin = 1960 graduated in economics from Harvard
Rubin = Attended Harvard Law School but NEVER FINISHED
Rubin = 1964 graduated from Yale Law School
Rubin = 1966 joined Goldman in risk arbitrage 1971 became general partner
Rubin = 1980 joined Jon Corzine on Advisory committee.
Rubin = Vice Chairman and Co-Chief Operating Officer from 1987 to 1990.
Rubin = 1990 to 1992 served as Co-Chairman with Stephen Friedman.
Rubin = 1993-1995 White House Assistant to President Clinton on Economic Policy
Rubin = Ran the National Economic Council (NEC( + Coordinate Cabinet members and agencies on budget and tax policies + international trade.
Rubin = As NEC coordinator he served as GATEKEEPER of recommendations to the President + Monitored all decisions that came out. = SMOOTH WALL STREET OPERATION = MAXIMIZED BENEFITS TO RICH.
Rubin = HELPED PASS NAFTA (1995) = Mexico suffered a financial crisis threatenig to defaulting on its foreign obligations TO WALL STREET.
Rubin + Clinton + Greenspan = Dumped $20 Billion into US loan guarantees to help Mexican government pay WALL STREET
Rubin = 1997-1998 Treasury Secretary Rubin + Lawrence Summers + Greenspan + IMF PRIVATIZED Russia into the HANDS OF OLIGARCHS + SALVAGED Asian and Latin American financial markets = Time = “The Committee to Save the World.”
Rubin = Set Summers to follow his steps to WALL STREET SCAMMING = July 1, 1999 Summers becomes Treasury Secretary
Rubin = Clinton loved Rubin BUT On April 18, 2010 on ABC’s This Week Clinton said Rubin ADVISED HIM WRONGLY to NOT regulate derivatives + DESTRUCTION OF 1930s GLASS-STEAGAL .
Rubin = 1997 Rubin + Greenspan opposed Regulation of DERIVATIVES via Commodity Futures Trading Commission over-the-counter MASSIVE SCAM ON THE PUBLIC AND 99.99% OF THE WORLD. = Credit derivatives Brooksley Born said would blow up the World’s Markets. = Rubin’s role was highlighted in PBS Frontline report, “The Warning” = Credit derivatives unregulated by CFTC Modernization Act of 2000 = 2008 financial crisis.
Arthur Levitt Jr. = Explained Greenspan and Rubin were “…joined at the hip” against Born = Persuaded me that REGULATION would cause chaos.
Rubin’s autobiography = He believed derivatives could pose significant problems…Excessive risks taking.
Rubin + Summers = Steered 1999 repeal of the Glass–Steagall Act (1933) = Combining FRAUD with TRADITIONAL BANKING = WALL STREET LEVERAGES CONSUMER DEPOSITS AND PUTS THEM AT RISK. = MASSIVE PURPOSEFUL FRAUD AGAINST 99.99% OF AMERICANS. = Banks allowed to develop and sell the mortgage-backed DERIVATIVES SCAM = Principal factor in the financial collapse in 2008.
September 2011 = UK Independent Commission on Banking Report = Recommended separation of investment and retail banking to STOP SCAM of 2008
Rubin = 2009 Newsweek article = Tries to SHIFT BLAME to EVERYTHING BUT WHAT HE AND SUMMERS DID = Blames extraordinary combination of circumstances he was responsible for instead (????) = derivative excesses + near FREE FED LOOT + HIS derivatives + Bribery for “AAA” Ratings + His GLOBALIZATION FOR SLAVE LABOR (58,000 FACTORS TO ASIA = 30+ Years NO wage increase) + abusive mortgage practices (part of Derivatives SCAM) + Over-leveraging of CONSUMER DEPOSITS + ARM WAVING other factors.
Rubin = Advocates CLOSING THE WALL STREET BARN DOOR = Protect against CRIMINAL Systemic Risk + REGULATE the market-based model + WORLDWIDE REGULATION = ROTHSCHILD PLAN FOR ONE WORLD CONTROL BY A HANDFUL OF BANKSTERS
Rubin = RESIGNS FROM FAILING CITIGROUP TO ROUND UP A BIG BAILOUT = , Press reports noted Rubin’s role in the bank’s problems that drove it to seek a BAILOUT by US Middle Class = Received MASSIVE $1OO+ MILLION parachute
Rubin = January 9, 2009 moves to take control of Obama for WALL STREET.
Rubin = MULTINATIONAL GIMMIK = “fostering business investment as the way to fight poverty in depressed city and rural areas.” PRIVATIZED FRAUD ON POOR USED BY MIC AROUND THE WORLD FOR A CENTURY.
Rubin = 1999 Rubin joined Citigroup board + advisor = MURKY = “I think I’ve been a very constructive part of the Citigoup environment.” = Citigroup shareholders LOST FORTUNES OF 70+% under Rubin. = Lawsuits against Rubin after RUBIN had SOLD OUT AT THE HIGHS.
Rubin = Memoir = “In an Uncertain World” = FULL OF LIES AND DISTORTION AND BLAME SHIFTING!
Rubin = WIFE served as NYC Commissioner of Protocol
Rubin = Served on the board of directors of NY Stock Exchange
Rubin = Served on the New York City Partnership with OTHER BIG BANKSTERS + MURDOCH
Rubin = $17,000,000+ $33,000,000 in Stock Options = Total Compensation = $126,000,000 to LEAVE Citigroup in SHAMBLES
Rubin = As Clinton’s Secretary of the Treasury = Opposed any regulation of collateralized debt obligations, credit default swaps and other so-called “derivative” financial instruments = Evidence was available of havoc for Procter & Gamble and Gibson Greetings + Disastrous 1994 Orange County, California with its $1.5 Billion default and subsequent bankruptcy.
Rubin = Unregulated Derivatives = Chief engine of GOLDMAN SCAMMED profitability = Rubin’s former employer
Rubin + Summers + Greenscam = Belittled and fought against Brooksley Born, head of the Commodity Futures Trading Commission to AVOID DERIVATIVES REGULATION. = 1994 General Accounting Office report SAID REGULATE!
Rubin = BELITTLED BORN IN PUBLIC June 1998 =Denouncing Born and urged that the CFTC be stripped of its regulatory authority to GET HIS SCAM INTO PLAY.
Rubin = 2001 Contacted an Friend in US Treasury to block bond-rating agencies from downgrading Enron DEBT. SUMMERS did something similar in public.
Rubin = Robert Scheer on The Great American Stickup: How Reagan Republicans and Clinton Democrats (RUBIN + SUMMERS + GEITHNER) Enriched Wall Street While Mugging Main Street = Truthdig.com editor Robert Scheer.
SCHEER: “I covered these hearings in Washington when the Clinton Administration in the ’90s basically fulfilled the promise of the Reagan Revolution. Reagan was not able to reverse the sensible regulations of the New Deal of Franklin Delano Roosevelt designed to prevent us from getting into another depression. And those regulations of Glass-Steagall.”
Brooksly Born + Feingold + some Senators were for keeping GLASS-STEAGALL = Said investment banks play with mostly rich people’s money and should NOT be allowed to merge with commercial banks that have PEOPLES’ DEPOSITS in them. = People that were insured by Middle Class Taxpayers.
Reagan could never pull off destroying GLASS-STEAGALL deregulation BUT Clinton+ RUBIN+ SUMMERS did in cooperation with Phil Gramm and GOP.
REAGAN = Because of S&L SCAMS and SCANDAL near end of his term had to sign off on increased financial regulation.
Rubin + Clinton + Wall Street players like Goldman got “WALL STREET on (Clinton’s) side” = Reversed (WIPPED-OUT) GLASS-STEAGALL + The Gramm Bill
Rubin + Clinton + Wall Street players like Goldman = Did something even more significant to create the 2008 CRISIS = Congress signed off on the Commodity Futures Modernization Act of 2000 = UNREGULATED “WMDs” DERIVATIVES. = Housing and DEBT SCAMS meltdowns. = Designed by Wall Street to be Toxic investments they could BET AGAINST for a SURE WIN (GOLDMAN ABACUS = TIP OF ICEBERG) = Bundling of “SURE FAIL” mortgages then FAKE RATED “AAA” AND MISREPRESENTED AND SOLD TO GRANDMAS AND COUNTRIES AS SURE WINS.
Wall STREET = Packaged and REPACKAGED to camouflage THE CHIOT to sell to CLIENTS (VICTIMS) AROUND THE WORLD. $700 TRILLION IN CHIOT WAS SOLD AND RESOLD. ALL THE TIME WALL STREET WAS BETTING AGAINST THEIR OWN CHIOT. = OPPOSITE OF Adam Smith’s capitalism
WALL STREET LOVES THE NEGATIVE SHORT BET = PESSIMISTS WHO ALWAYS WIN BECAUSE THEY ARE BETTING AGAINST CHIOT THEY DEVISED TO FAIL = BEST AND LARGEST GIMMICKY HEIST IN HUMAN HISTORY. = RUBIN’S DREAM COME TRUE.
Commodity Futures Modernization Act = Clinton signed = Titles III and IV SAYS NO existing government regulation + NO existing government regulatory body will supervise these credit default swaps + collateralized debt obligations. RUBIN’S WET DREAM ELITIST SCAMS CAME TRUE and MIDDLE CLASS WAS SKEWED + HAD TO BAIL OUT THE CROOKS.
BANKSTERS SOLD THE CHIOT AND RISK TO VICTIMS + EXCEPT LIKE ALL EVIL IT BACKFIRED INTO THE CRISIS. BUT BANKSTERS WIN AGAIN = BAILOUTS + NO EXECUTIVES + NO WHITE COLLAR CROOKS IN PRISON.
Rubin + Clinton + Wall Street players like Goldman = Banks no longer HOLD MORTGAGES FOR 30 YEARS BUT PAWN OFF THE SURE FAIL MORTGAGES AND SURE FAIL RISK ON CLIENTS.
Rubin + Clinton + Wall Street players like Goldman = The BUSH Clinton Bubble.
Rubin + Clinton + Wall Street players like Goldman + GOP = A decade of Japanese-type stagnation + US IS HOLDING $Trillions of this TOXIC CHIOT + DEPRESSES Housing with Millions of homeowners still underwater owing than their homes are worth = No consumer demand
Obama, like Bush, PROPOSED NOTHING to meet the problems on MAIN STREET but throws money at Wall Street = NOW USING THE FED TO BAILOUT THE CRIMINALS. = NO Moratorium on housing foreclosures = “OK, Wall Street, we’ll help you, but you are now going to be forced, through bankruptcy courts, new rules we’re going to put in place, to adjust people’s mortgages so they can stay in their home.”
Rubin = $300 Billion of toxic investments by Citigroup = BAILOUT FRAUD
Rubin = Left the Clinton administration to be a top a bigshot at Citigroup AFTER HE SETUP THE DERIVATIVES SCAM + ENDED GLASS-STEAGALL. = STILL LOST $300 BILLION = MIDDLE CLASS HAD TO PAY.
Obama = An enormous disappointment = From Obama speech spring 2008 = 3 months after Rubin speech at Cooper Union saying we had no financial problem, we had no crisis. But 3 months after Rubin, Obama at that same Cooper Union, said this is all due to reversal of Glass-Steagall, all due to reckless, radical deregulation. He spelled it out.
Mysteriously Wall Street became his biggest Campaign Contributor = Obama became a disciples of Robert Rubin + Lawrence Summers + Timothy Geithner + The very people WHO created this mess. OBAMA tells the CROOKS “OK, you guys, fix it all.” MORE BAILOUT SCAMS + MORE SCAMS + FRONT RUNNNG FRAUD = TOOK CARE OF A FEW HUNDRED RICH CROOKS + mugged Main Street.
SOLUTION = LET bankruptcy courts have the power to force the banks to readjust these mortgages. Help people who are stuck. + Moratorium on Foreclosures = STOP the enormous PAIN.
HEROS = Russ Feingold + Bernie Sanders AGAINST the CRIMINALS and demagogues.
FACT ON RUBIN = DESTROYED people’s life savings + Their sense of worth + Their piece of the American Dream + Loss of home + Loss of their pride + loss of retirement + No way to send your kids to college
Privatized Fannie Mae + Freddie Mac = As rapacious as Citigroup or Goldman
Robert Scheer = Last chapter = “Sucking Up to the Bankers: Crisis Handoff from Bush to Obama” Bush = Obama = Same disaster = Obama campaign still tells me in emails “We’re winning here, we’re winning there.” = But it’s been a disaster.
ROBERT SCHEER: You can’t look to the Democratic Party hacks for leadership = Mosty Clinton Hacks = Same people who destroyed Brooksley Born.
Brooksley Born = One of the most competent lawyers in this country = She understood more about TOXIC Derivatives than anyone around as Head of The Commodity Futures Trading Commission. And she spotted the problems 17 times in testimony before congressional committees — sounded the alarm = Rubin + Summers destroyed her.
Geithner = NEVER wanted Elizabeth Warren = Goldman + JPM = NOW Threatening Elizabeth Warren who represents Americans = Brilliant legal mind like Brooksley Born. = Warren said, “Wait a minute. You know, what kind of, you know, government is this, when you’re caring about Wall Street and you’re ignoring the pain out there?”
ZERO WHITE-COLLAR CRIMINALS IN PRISON = 6 YEARS AFTER THE CRASH = GOP + MULTINATIONAL DEMOCRATS (OUR FRIENDS CLINTON AND RUBIN) RUN FREE! = IT IS A CRIMINAL CABAL OF SCAMS AND CRIMES IN CONTROL OF OUR GOVERNMENT = REWARDED WITH $100 MILLION BONUSES + NO PROSECUTION + MORE SCAMS TO BOOT = STILL BIG BANKS ARE ROBBING $100s of MILLION per DAY!
Robert Rubin + Jesse Jackson = Supported the reversal of Glass-Steagall. = “How Reagan Republicans and Clinton Democrats Enriched Wall Street and Mugged Main Street.” = Turned the henhouse over to the foxes. Obama = Latest frontman for Wall Street = Shocking.
Rubin = Repeal of 1930s Great Depression – Glass–Steagall Act separating commercial and investment banking = Repealed in 1999 by Clinton presidency with Rubin as Treasury Secretary.
Obama’s current banking system proposals appear to be a return to these former principles although there is no talk of reinstating Glass–Steagall.
Rubin = Bloomberg Businessweek reports Rubin had an affair with Iris Mack and did not tell her that he was married.
Rubin TRASHED Strict 1930s underwriting guidelines adhered to by Wall Street when taking a company public = ‘The company had to be in business a minimum of five years + show profitability for 3 consecutive years”
Rubin + Summers = Helped Goldman with pump and dumping of sham stocks. 1989 published paper by Summers on PUMP and DUMP. = ‘Everyone on the inside knew,’ the manager said. ‘Bob Rubin sure as hell knew what the underwriting standards were. They had been intact since the 1930s.'” — Taibbi, Matt. The Great American Bubble Machine, Rolling Stone, July 9–23, 2009; posted online April 5, 2010; accessed December 25, 2013.
RUBIN = HE CAUSED the greatest financial panic since the Great Depression = STILL CLAIM the Immaculate reputation of Robert Rubin = MORE LIES = He was the CENTRAL FORCE TO SET UP WALL STREET SCAMS = DERIVATIVES + REMOVE GLASS-STEAGALL + WORKED WITH GOP SCAMMERS. = 3 Decisions created the market meltdown can be attributed to Rubin.
1998 Brooksley Born, chair of the Commodity Futures Trading Commission, proposed bringing derivatives under her jurisdiction.
Rubin + Greenspan + Arthur Levitt (SEC) = Derailed Born’s GREAT IDEA of Regulated Derivatives.
2003 memoir Rubin wrote that derivatives “should be subject to comprehensive and higher margin limits.” So why did he oppose Born?
Rubin = fought Born’s plan for essentially political reasons = A power grab by the CFTC = SO RIDICULES = ANOTHER RUBIN LIE = Rubin never developed a less “strident” regulatory alternative.
Consequence of Rubin’s obstruction and inaction = The market for credit-default swaps derivatives grew like a noxious weed. = BET AGAINST YOUR OWN PRODUCTS AS MANY TIMES AS YOU WANT! = Unregulated insurance contracts
“Greenspan & Rubin” + Summers + Alan Blinder + Geithner = POISONS for 99.99%
Greenspan once remarked that he considered Rubin the best Republican secretary of the treasury ever, though he was a Democrat.