Entries tagged "Robert Rubin"

Crisis on Wall Street: Dealmakers whereabouts

It is the one-year anniversary of Lehman Brothers bankruptcy. Since then a lot of dealmakers have moved around.

Is Robert Rubin really losing sleep?

If you believe Charles Gasparino's latest column in The Daily Beast, former Treasury Secretary Robert Rubin is losing sleep over his role in the financial crisis.

Stiglitz calls out Obama's Wall Street ties

Nobel winning economist Joseph Stiglitz in a Bloomberg interview worries that too many Obama advisers are in the pocket of Wall Street.

Citi, Morgan Stanley and the persistence of the financial supermarket

The much-speculated joint venture deal between Morgan Stanley and Citigroup Inc. has stirred up commentary that feels like Christmas dinner leftovers from about three years ago. Oh God, not again! Citi chairman Win Bischoff is again about to be canned, CEO Vikram Pandit is either under pressure or has the board's confidence, and the man with a thousand lives, board chairman Richard Parsons, floats behind every story like the ghost in the machine. When did Parsons develop this reputation for omnicompetence? At Time Warner Inc.? ...

What do Geithner and Summers have to do with Citi's woes?

Days after President-elect Barack Obama announced his selection of Federal Reserve Bank of New York President Timothy Geithner as treasury secretary, a debate flared up about his readiness to oversee the Troubled Asset Relief Plan. Since then, a veritable chorus of detractors have begun to question Geithner's viability as a potential member of the Obama Cabinet. Some include economist and comedian Ben Stein and Edward Hellmore of British newspaper The Guardian, who both attempt to link Geithner to the failures of Citigroup Inc. by way of Robert Rubin. ...

Should Wall Street fear change from an Obama administration?

President-elect Barack Obama is surrounded by folks who have spent time in and around Wall Street. In addition to Rep. Rahm Emanuel, Robert Rubin and Paul Volcker, DealBook notes Robert Wolf, the chief executive of UBS Americas; Timothy C. Collins, head of buyout firm Ripplewood Holdings; and Mark Gallogly, managing partner of private equity firm Centerbridge Partners. Meanwhile, DealZone notes three of Citigroup Inc.'s 15 directors -- Time Warner Inc. chairman Richard Parsons, Xerox Corp. CEO Anne Mulcahy and former Treasury Secretary Rubin -- are also members of Obama's transition economic advisory board. With all this Wall Street firepower,...

Who's next at Treasury: Geithner vs. Summers

The guessing game over who Barack Obama would name to top White House posts is in full swing on the eve of Tuesday's national election. There are dueling prognosticative camps over who a President Obama would put in charge of the Treasury Department. While there is no consensus over who will get the job, there is a fair amount of agreement that Obama has already made up his mind -- but has not shared his decision widely enough for word to leak out. That leaves plenty of room for rampant, unfounded speculation -- the most fun kind. ...

How does Paulson rank among The Greats?

Though his mercurial rescue of the global financial is still a work in progress, some observers are beginning to speak of Henry M. Paulson Jr. as one of the great secretaries of the Treasury. It's a lofty claim, and he'll be worthy of the title if his rescue package succeeds. But he also has some strong competition from others who took on the top financial post in more trying times. It's difficult, especially with the crisis roiling on, to assign Paulson a position in the all-time league tables. ...

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