Robert Rubin

Robert E. Rubin (1999)

Robert Edward Rubin (born August 29, 1938 in New York City ) is an American banker , businessman and politician ( Democratic Party ).

Life

Rubin graduated from Harvard University with a bachelor's degree in economics with the grade summa cum laude . He then attended the London School of Economics and obtained a Bachelor of Laws from Yale Law School in 1964 . He later worked for the US investment bank Goldman Sachs from 1964 to 1992 . He worked there in managerial responsibility from 1966.

Under President Bill Clinton Rubin from 1995 to 1999, the 70th Finance of the United States . Rubin's deputy was his later successor as Treasury Secretary, Larry Summers . The economic and competition policy of the Clinton administration, which was based on the policy of a balanced national budget, was later named after him with the term " Rubinomics ".

During Rubin's tenure, the Glass-Steagall Act , a law separating credit and investment banks, was repealed. This reform made possible the merger of the Travelers Group and Citicorp to form Citigroup . From 1999 - after his resignation as finance minister - until January 2009, Rubin worked as a consultant and director for Citigroup. Rubin received over $ 126 million for this activity. In the wake of the financial crisis , Citigroup received $ 45 billion and a $ 300 billion guarantee from the US government to save the company from bankruptcy.

In April 2010 he had to appear as a witness before a committee of inquiry into the financial crisis.

Alongside Paul Volcker , Austan Goolsbee and Jason Furman, Robert Rubin was one of the inner circle of economic policy advisors to the then Democratic President Barack Obama .

In 2001 Rubin was elected to the American Academy of Arts and Sciences .

Individual evidence

1. ↑ Robert Rubin (1995–1999): Secretary of the Treasury ( Memento of the original of January 22, 2009 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , millercenter.org 
2. ↑ U. Gellermann, in: We are the state! (Reviews ) , danieladahn.de, March 11, 2013
3. ↑ George Packer Shreds Rubin in Portrait of US Decline; 2013 , Bloomberg Business. 
4. ^ Ruby Leaving Citigroup; Smith Barney for Sale , New York Times. 
5. ^ Rethinking Robert Rubin , Blomberg Businessweek, September 30, 2012
6. ^ The Settlement - An Inner History of the New America; 2014, S. Fischer, 254-262 . George Packer,.
7. ↑ Cf. Ingar Solty (2008): The Obama Project: Crisis and Charismatic Rule. Hamburg: VSA

Web links

Commons : Robert Rubin  - collection of images, videos and audio files

• Robert Rubin in the Munzinger archive ( beginning of article freely accessible)
• Robert Rubin in the Miller Center of Public Affairs of the University of Virginia (English)