Robert Rubin News. Highlights From the Archive Political Memo Rubinomics Recalculated By JACKIE CALMES Barack Obama’s economic team has many protégés of Robert E.
Rubin, but they reject old orthodoxies. November 24, 2008usNews Business/Financial Desk Rubin Relishes Role of Banker As Public Man By JOSEPH KAHN and ALESSANDRA STANLEY Plenty of government officials retire to the private sector to make their fortunes. February 11, 2002nytfrontpageNews Rubin Resigning as Treasury Secretary By JOHN M. Treasury Secretary Robert E. May 13, 1999nytfrontpageBiography Financial Desk When Robert Rubin Talks . . . By STEVEN GREENHOUSE Whether he is campaigning against cutting off China's preferred trading status or pushing for health-care-reform options that would cost employers less, Mr. Goldman Sachs. The Goldman Sachs Group, Inc. is an American multinational investment banking firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients.
Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City, with additional offices in international financial centers. The firm provides mergers and acquisitions advice, underwriting services, asset management, and prime brokerage to its clients, which include corporations, governments and individuals. The firm also engages in market making and private equity deals, and is a primary dealer in the United States Treasury security market. Former Goldman executives who moved on to government positions include: Robert Rubin and Henry Paulson who served as United States Secretary of the Treasury under Presidents Bill Clinton and George W.
History[edit] 1869–1930[edit] In 1912, Henry S. The Hamilton Project. Robert Rubin. Robert Edward Rubin (born August 29, 1938) is an American economist and banking executive.
He served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992; Rubin oversaw the loosening of financial industry underwriting guidelines which had been intact since the 1930s.[1] His most prominent post-government role was as director and senior counselor of Citigroup, where he performed ongoing advisory and representational roles for the firm.[2] From November to December 2007, he served temporarily as chairman of Citigroup[3][4] and resigned from the company on January 9, 2009.
He received more than $126 million in cash and stock during his tenure at Citigroup,[5] up through and including Citigroup's bailout by the U.S. Treasury. Education and background[edit] Clinton administration[edit] Mr. A List of Goldman Sachs People in the Obama Government: Names Attached to the Giant Squid's Tentacles. At a time when Congressional hearings are set to call testimony from some Goldman Sachs employees, it is vital to understand how widespread that institution’s ties are to the Obama administration.
This diary shows the pervasive influence of Goldman Sachs and Goldman created institutions (like the Hamilton Project embedded in the Brookings Institution), employees and influence peddlers in the Obama administration. While many of the people listed below formerly worked for Goldman Sachs or its offshoots (like the Hamilton Project, including all three of that project’s first Directors) influence can be exerted not only through people but through money, awards, sponsored scholarship, and creation of an agenda favorable to Goldman Sachs (which is where Brookings and the Hamilton Project come in and have proved especially useful to Goldman Sachs). But that’s just the tip of the Goldman Sachs iceberg. One further caveat. "The highest return on assets is always a political contribution. "