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Mar 15, 2018 · Print Page. The Glass-Steagall Act, part of the Banking Act of 1933, was a landmark banking legislation that separated Wall Street from Main Street by offering protection to people who entrust ...
Mar 13, 2016 · Rubin reportedly blessed the increased risk taking at Citi in the mid-2000s. By late summer 2007, Citi’s direct exposure to subprime bonds was $55 billion, according to the crisis commission.
Mar 12, 2018 · Shortly after the Glass-Steagall Act was repealed, Weill's political friend Robert Rubin left the U.S. Treasury to join him at Citigroup as co-chairman of the Board of Directors. Earning $115m over his nine years on the board, Rubin is blamed by many for failing in his fiduciary duty to advise the bank on the perils of toxic credit derivatives ...
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 t/p>o 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 ...
May 28, 2012 · The effort to repeal Glass-Steagall 1933 is a long and complicated affair. It began within a few years of its original passage and picked up steam in the 1980s under Reagan.
Robert E. (Bob) Rubin served as the 70th Secretary of the U.S. Treasury from 1995 to 1999. He joined the Clinton Administration in 1993 as the first director of the National Economic Council. Rubin began his career in finance at Goldman, Sachs & Company in 1966, serving as co-senior partner and co-chairman from 1990 to 1992. From 1999 to 2009, […]
Feb 19, 2016 · Glass‐ Steagall also seems to channel an overall anger at corporate America. Witness the popularity of Mr. Robot or the Newsroom’s bizarre 2012 claim that Glass‐ Steagall “put a man on the ...
