Tuesday, July 23, 2002

Andrew Sullivan askswhat did Robert Rubin know about the Enron?

How do you write a piece about a shady deal with Enron at Citigroup without mentioning Robert Rubin? The same Rubin who placed calls to protect Enron to the Bush administration? The same Rubin who has the gall to demand a change of course in the current administration, while he presided over the bubble we're now recovering from? We all know the Times is tight with Rubin, but this lacuna screams for further investigation. Rubin joined Citigroup in the fall of 1999. The deal was cemented orally that year, before Rubin was ensconced. But it was controversial even within the bank throughout that year, and keeping the loan off the official books would surely have required a decision at some point after the fact. Was Rubin apprised of this? Did he know about it when he contacted Treasury to ask for even more kid-glove treatment of Enron the following year?

0 Comments:

Post a Comment

<< Home