London To Choose Financial Advisor

The arrest of financier Bernard Madoff Thursday for operating a "Ponzi scheme" costing investors $50 billion made the TV network news. Curiously, a lawsuit the same day against Clinton Treasury Secretary Robert Rubin for defrauding Citibank shareholders of more than $122 billion, also described as a "Ponzi scheme," got no airplay whatsoever.

As we shall see, Rubin, a Director of Citibank, profited from the shady practices that destroyed the financial system and sent the world's economies into a tailspin. Then, to repair the damage, he and his banker friends put the taxpayer on the hook for trillions.

Rubin didn't get the same publicity as Madoff because of his close connection to Barack Obama.

Robert Rubin's son Jamie was Obama's main Wall Street fund raiser and is now one of his principal advisers. More significant, Obama's economic team consists of Rubin's proteges including Timothy Geithner, Treasury Secretary, Lawrence Summers, Senior Economic Adviser and Peter Orszag, Budget Director. The Times of London has already dubbed them the "Robert Rubin Memorial All Stars."

Clearly, the media don't want people to see that the candidate of "Change" chose the people responsible for this calamity to be his "economic team." While in the Clinton White House, Rubin, with Summers, helped tear down the regulatory walls between banks, brokerages and insurance companies and freed them to trade in unregulated and little-understood derivatives worth trillions of dollars.

You are right on! The media will divert attention away from this story.
Rubin profited $10 million salary & bonuses from Freddie as well as illegal insider information stock sales of over $30 million.

Another story that should be told - Rahm Emanuel's mismanagement of Freddie Mac - Obama's right hand man (whip).
Obama's team is the very people that have brought our economy down!
http://www.abcnews.go.com/Blotter/story? id=6201900&page=1

2008-12-14 19:06:09 by Obama nation

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