"The arrest of financier Bernard Madoff Thursday for operating a ‘Ponzi scheme’ costing investors $50 billion made the TV network news. Curiously, a lawsuit the same day against Clinton Treasury Secretary, Robert Rubin, for defrauding Citibank shareholders of more than $122 billion, also described as a ‘Ponzi Scheme,’ got no airplay whatsoever.Before becoming Bill Clinton's Treasury Secretary Rubin was the boss of Goldman Sachs.
As we shall see Rubin, a director of Citibank, profited from the shady practices that destroyed the financial system and sent the world's economies into a tailspin. Then, to repair the damage, he and his banker friends put the taxpayer on the hook for trillions. Rubin didn't get the same publicity as madoff because of his close connection to barack obama.
Robert Rubin's son Jamie was Obama's main wall street fund raiser and is now one of his principal advisers. More significant, Obama's economic team consists of Rubin's protégés, including Timothy Geithner, Treasury Secretary, Lawrence Summers, Senior Economic Adviser and Peter Orszag, Budget Director… Clearly, the media don't want people to see that the candidate of ‘Change’ chose the people responsible for this calamity to be his ‘economic team.’
Whilst in the Clinton White House, RUBIN, WITH SUMMERS, HELPED TEAR DOWN THE REGULATORY WALLS BETWEEN BANKS, BROKERAGES AND INSURANCE COMPANIES AND FREED THEM TO TRADE IN UNREGULATED AND LITTLE-UNDERSTOOD DERIVATIVES WORTH TRILLIONS OF DOLLARS…
The media is controlled by the Illuminati and advances their agenda. That's why the spotlight is on Bernard Madoff and not Robert Rubin…
Obama was put in power by illuminati Jews and Masons."
Responsible for the repeal of the 1933 Glass-Steagall Act, which had separated largely unregulated investment banks like Goldman Sachs from government-supervised and insured commercial banks like Citigroup, he left government shortly after the Act was passed and was appointed Citigroup's CEO almost immediately.
Even after his return to the private sector, as the Democrats' top policy advisor, he campaigned against all governmental and financial sector efforts to regulate hedge funds.
Rubin, a close friend of Hillary Clinton, is Jewish. As are his son, the aforementioned $50bn dollar fraudster, Bernie Madoff, and the Rubin 'protégés,' Timothy Geithner, Lawrence Summers and Peter Orszag.
Dr Henry Makow, who wrote the critical article above, is also Jewish.
The Glass Steagall Act was originally put in place to protect the little people from the sharks after the Wall Street Crash.
So, if you want someone to blame for the world-wide recession, look no further than Robert Rubin. Oh, and Alan Greenspan, him as well. Look no further than them.
Greenspan was the boss of the Federal Reserve for nineteen long years in the lead up to sub-prime, the credit crunch and the recession. His 'laissez-faire', hands-off attitude allowed characters like Madoff, Rubin and Dick Fuld, (Jewish) the CEO of Lehman Brothers' when that bank failed, to flourish.
In October 2008, Greenspan was brought before a Congressional Oversight and Reform Committee to explain himself. He said:
“WE ARE IN THE MIDST OF A ONCE-IN-A CENTURY CREDIT TSUNAMI…The Chairman of the Congressional Oversight and Reform Committee responded to Greenspan’s confession thus:
The crisis… has turned out to be much broader than anything I could have imagined… It was the failure to properly price such risky assets that precipitated the crisis… A critical pillar to market competition and free markets did break down… I STILL DO NOT FULLY UNDERSTAND WHY IT HAPPENED…
I made a mistake in presuming that the self-interest of organisations, specifically banks and others, was such that they were best capable of protecting their own shareholders and the equity.”
“The list of mistakes is long and the cost to taxpayers is staggering. Our regulators became enablers rather than enforcers. Their trust in the wisdom of the markets was infinite. The mantra became that government regulation is wrong. The market is infallible.Yeah, I think Greenspan (also Jewish) has to take pride of place alongside Rubin. Both of them screwed the rest of us right royally.
For too long, the prevailing attitude in Washington has been that the market always knows best. The Federal Reserve had the authority to stop the irresponsible lending practices, but its long-time chairman, Alan Greenspan, rejected pleas that he intervene.”
Tony Blair saw to it that Alan Greenspan was knighted in 2002, in recognition of his 'contribution to global economic stability.'
Go here for The 50billion dollar fraudster.