Robert Rubin, invisible man

[Michael Perelman]

Worse yet, they merged, if I recall correctly while Rubin was Treas. Sec.,
even though it was illegal at the time, hoping that nobody would do
anything.

On Thu, Jul 25, 2002 at 03:06:35PM -0400, Nomiprins at aol.com wrote:
> 
> b) Robert Rubin was Treasury Secretary from 95-99. During his time in office, 
> congress approved the '97 merger of Travelers (Sandy Weill's company which 
> also controlled Salomon Smith Barney) and Citibank even though it was 
> directly counter to the Glass Steagall- to create what ultimately became 
> called Citigroup. So, even before 11/99, this entity could both underwrite 
> bonds for companies like Enron and provide them with loans to expand. 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu