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Larry Summers
Latest Headlines
Latest Headlines
A seer ahead of her time...
Brooksley Born was ahead of her time. She was the head of the CFTC a decade ago and raised alarms about the rise of derivatives and their ability to cause financial catastrophe. She wanted to--horror!-- regulate derivatives but she ran into some powerful opposition, the Washington Post notes.
Robert Rubin to leave Citi?
Apart from CEO Vikram Pandit, the person most tainted in the on-going credit crunch has been director Robert Rubin. Now CNBC says that there's a lot of chatter about whether Rubin will leave the bank. Rubin, who says he's staying, has taken steps to address the issues, including an interview w
Blame game at Citi continues
The blame game continues at Citi, and it's a bit uncomfortable. The latest is that Robert Rubin, the board consigliore at Citi, is being forced to deny culpability for the colossal mess that is Citi. Rubin, however, has acknowledged that he was involved in a board decision to boost risk-taking in
