09 January 2009
Hopefully to Be Followed by Jail Time
It has been reported that former Treasury Secretary Robert Rubin has retired from Citi.
Seriously, if there is one thing that has to be done with the financial collapse, it is to find those players who broke the law and send every one of them to jail.
You start with Rubin because he is a close friend and sometime mentor to Summers, Geithner, etc., which means that we snuff out all the allegations of partisan bias at the start of the process.
As to whether Rubin might be innocent of legal wrongdoing, much of the business as usual at Wall Street is clearly dishonest and deceptive, and so you'll find something.
Seriously, if there is one thing that has to be done with the financial collapse, it is to find those players who broke the law and send every one of them to jail.
You start with Rubin because he is a close friend and sometime mentor to Summers, Geithner, etc., which means that we snuff out all the allegations of partisan bias at the start of the process.
As to whether Rubin might be innocent of legal wrongdoing, much of the business as usual at Wall Street is clearly dishonest and deceptive, and so you'll find something.
Labels:
Corruption
,
Finance
,
Justice
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