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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As you look around the globe, it seems to me that a lot of the countries hurt by the Asian financial crises have made tremendous progress. On the other hand, in all of those countries there's a lot to do.
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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
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These concerns are heightened as we reflect on the financial crisis that has affected so many countries around the world over the past two years,
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The surpluses present an enormous opportunity and one that we must not squander, ... We believe that the surpluses should be reserved until Social Security is placed on sound financial footing for the next century. After 2010, the huge baby boom generation will begin retiring which will put increased pressure on Social Security and it was on that basis that we reached the conclusion that nothing should be done with these surpluses until that problem is addressed.
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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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We believe that any bank seeking to conduct new financial activities should be required to achieve and maintain a satisfactory CRA record, ... The draft bill fails to include this requirement.
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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 financial architecture of the 21 st century, an architecture that is as modern as the markets.
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I'm sure that this will prove to be a phenomenon that is very complicated, involving tens or hundreds of genes.
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The new $20 note will be an important tool against would-be counterfeiters,
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I'm not going to get into the business of market prognostication,
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I'm saying that we have significant concerns about significant portions ? of this, ... We need to work with Congress to work our way through that.
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I had three criteria: I didn't want to be a CEO, I wanted to be involved with an institution I was proud of, and I wanted to be involved in an institution that was important to me,
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I've got 11 fly rods and a lot of unread books.