Op-Ed Columnist - The Brightest Are Not Always the Best - NYTimes.com: "For some of J.F.K.’s best and brightest, Halberstam wrote, wisdom came “after Vietnam.” We have to hope that wisdom is coming to Summers and Geithner as they struggle with our financial Tet. Clearly it has not come to Rubin. Asked by The Times in April if he’d made any mistakes at Citigroup, he sounded as self-deluded as McNamara in retirement.
“I honestly don’t know,” Rubin answered. “In hindsight, there are a lot of things we’d do differently. But in the context of the facts as I knew them and my role, I’m inclined to think probably not.” Since that interview, 52,000 Citigroup employees have been laid off but not Rubin, who remains remorseless, collecting a salary that has totaled in excess of $115 million since 1999. You may be touched to hear that he is voluntarily relinquishing his bonus this Christmas."
Robert Rubin, former head of Citigroup. The guy reminds me of GWB. Did nothing wrong, and sure as hell not going to acknowledge the train wreck behind him.
Sunday, December 7, 2008
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