Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (464198)	9/24/2003 3:23:16 PM
From: Thomas A Watson	Respond to of 769670

Shredding spookies hysterical denial... LOL... * Rubin did indeed call the Treasury Department last fall but failed to bully the Bush administration into intervening for Citigroup client Enron, giving "comfort to the White House and to some conservative commentators, who said it was evidence that it was a prominent Democrat, not Republicans, who backed a government rescue." * The Enron stink won't go away soon. Even a Rubin friend, financier Felix G. Rohatyn, admits "the impression is not great when it [Rubin's intervention] is on behalf of a company that has created the worst profile in the history of capitalism." * Rubin "was a sounding board for Gov. Gray Davis of California during last summer's electricity crisis even as Citigroup worked for energy companies that were selling power to the state." The "conflicts were obvious," the Times confesses. * Typical of the Clinton administration, Rubin had, and continues, close ties with the communist Chinese dictatorship. "As hosts of last fall's Asia Pacific Economic Cooperation forum, the Chinese pointedly invited Mr. Rubin to introduce President Bush — an 'old friend' presenting a president still untested in Chinese eyes." * The justification for Rubin's mind-boggling pay is murky. "He is involved in everything and nothing," the Times reports. Chuck Prince, Citigroup's chief operating officer, actually says, "He decides what he's interested in and has a way of drawing the company toward that." * Rubin "runs a nonstop tutorial on economic policy" for Democrats, coaching obstructionist Senate plurality leader and Citigroup beneficiary Tom Daschle "and other leaders on ways to debunk Bush military spending and tax cuts." #reply-19338315