Rubin, $122 Billion, and Obama

WedNEWSday - December 31st, 2008

The same day the media blasted us with the news of financier Bernard Madoff’s arrest for his “Ponzi scheme,” which cost investors $50 billion, there was nothing but silence surrounding a lawsuit that was filed against former Clinton Treasury Secretary Robert Rubin.   Rubin conducted his own “Ponzi scheme,” looting $122 billion from Citigroup shareholders.  Jamie Rubin, Robert’s son, just so happens to be Obama’s largest fundraiser on Wall Street and one of his top advisers.  In fact, Obama’s economic team is comprised of several Robert Rubin disciples.

Aside from the $122 billion share holders lost, Rubin (pictured above with Obama) personally pocketed over $115 million in pay from Citigroup and along with other insiders, cashed out stock worth $150 million.  All this was happening while 75,000 Citigroup employees were losing their jobs.  Now you and I have the honor of bailing out Citigroup to the tune of $306 billion (according to Bloomberg).  The mainstream media outlets, who are obviously in the tank for Obama, did a great job of keeping a lid on this outrageous pillaging.  When Obama says “change,” does he mean unprecedented corruption?

This from Pittsburgh Tribune Review - December 29th, 2008

http://www.pittsburghlive.com/x/pittsburghtrib/opinion/columnists/reiland/s_604650.html

This from New York Post - December 4th, 2008

http://www.nypost.com/seven/12042008/business/ponzi_scheme_at_citi_142511.htm

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