Saturday, November 05, 2011

"Too big to jail"? would make a great bumper sticker.

Robert Rubin. (Photo: Center for American Progress / Flickr)

Robert Scheer (Truthdig):
Can we all agree that a $1 billion swindle represents a lot of money, and the fact that Citigroup agreed last week to pay a $285 million fine to settle SEC charges for “misleading investors” demonstrates a damning admission of culpability?

So why has Robert Rubin, the onetime treasury secretary who went on to become Citigroup chairman during the time of the corporation’s financial shenanigans, never been held accountable for this and other deep damage done to the U.S. economy on his watch? MORE...

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