Robert Rubin
Robert Rubin
Robert Edward Rubinis an American lawyer, former cabinet member, and retired banking executive. He served as the 70th United States Secretary of the Treasury during the Clinton administration. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992; Rubin oversaw the loosening of financial industry underwriting guidelines which had been intact since the 1930s. His most prominent post-government role was as director and senior counselor...
ProfessionPolitician
Date of Birth29 August 1938
CityNew York City, NY
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It's very hard to track money in Russia, ... If Russia destabilizes, the cost to the United States is going to be vastly greater.
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It is vitally important for Latin America, the rest of the world and the United States that the international community take all steps sensible to limit the contagion that has come from the Asian financial crisis, and helping Brazil is very important in that respect also, ... What is most important though in this instance ? is the effective implementation of a strong economic program that Brazil has announced.
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They can all come together and begin to feed on each other, in which case you could have a very severe and seriously threatening set of economic impacts that would create an immensely difficult problem for our economy and our political system,
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It is very hard to leave, because I feel deeply committed, ... to this administration, to the people with whom I've worked, to the issues with respect to which so much has been accomplished. But this almost six-and-a-half years has been all consuming, and I think it is time for me to go home to New York and to do whatever I'm going to do next.
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We very strongly want to see good financial services modernization legislation passed this year, ... The bill that came out of the Senate banking committee does not meet these requisites.
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The only role we can play is to continue to very actively work to persuade the Japanese government to face these very difficult issues they have to deal with,
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The Prime Minister said earlier in the year that his objectives were domestic demand-led growth and I think he's taken very important and very constructive steps in that direction and we very much welcome them,
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We always have to be watchful with respect to anything that can affect our system, ... But I don't know of anything in that area that rises to the level of a systemic risk to our economy at this time.
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With the safeguards we have proposed, ... subsidiaries and affiliates are absolutely identical with respect to the ability of a bank to transfer any subsidy that may exist in the bank.
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The overarching point of the president's economic strategy going forward in the 1999 budget is clear: under no circumstances should we take any steps that will undo the fiscal discipline that we have worked so hard to achieve and has been so central to our strong economy of the last five years.
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Unfortunately, Russia hasn't adopted the reforms it needs, but we need to work with them to see they adopt the reforms,
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Thus far, the effects on our economy, though real, are relatively moderate and the most likely scenario for the next year is continued solid growth and low inflation,
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This may be the most dramatic, most complicated and most significant economic transformation in modern history.
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The Bureau of Economic Analysis has estimated that in 1995 Americans spent roughly $300 billion on financial services ... Even if increased competition were to lead to savings of just one percent, that's $3 billion