Robert Rubin, invisible man

[Brad DeLong]

>Citigroup's (and J.P. Morgan Chase's) prepaid contracts with Enron 
>were very complex, and none of the papers has done an especially 
>good job at explaining precisely what the scandal is. Possibly there 
>is none. But once the editorial decision was made to give this story 
>major play, there was no justification for airbrushing Rubin out of 
>it...

The fact that Rubin didn't join Citigroup until after the loan had 
been repaid doesn't count?

Noah seems to work very hard to leave the impression that Rubin was 
running Citigroup when the prepaid contracts with Enron were made. I 
wonder why...

Brad DeLong