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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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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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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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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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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the financial architecture of the 21 st century, an architecture that is as modern as the markets.
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There clearly was a very intense focus on the issue with respect to the current crisis and a deep sense of commitment to do everything sensible to deal with it,
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At some point, these kinds of deficits are not viable. The probabilities are extremely high that if we don't address these imbalances, then at some point, and it could be years down the road, we'll pay a very big price.
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The president's budget carries forward the economic strategy that has been so central to the strong economic conditions of the past five years, ... This budget preserves the surpluses until we strengthen Social Security, invests in areas that are critical to future productivity and the future of our country, provides for programs that protect and promote our critical economic and national security interests in the global economy, and of absolutely critical importance, this budget keeps us on the path of fiscal discipline that is so central to our economic well being.
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We have felt from the very beginning that since the problems of Mexico in 1995, that what happens in Latin America is profoundly important for the United States,
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We all shared a belief in market-based economics though we had somewhat different views as to the appropriate role of government in our society and felt that what happened abroad could greatly affect our own economic well being,
abroad affect belief economic economics felt government greatly happened role shared society somewhat though views
We all shared a belief in market-based economics ù though we had somewhat different views as to the appropriate role of government in our society ù and felt that what happened abroad could greatly affect our own economic well being,