So why isn’t Rubin wearing an orange jumpsuit.
Did he call Treasury Secretary O’Neill and ask him to delay downgrading Enron stock so he could get his clients out of the stock?
BWANEY FWANK Sept 11, 2003: "Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
FRANK AFTER THE MARKET DELUGE “The conservative philosophy of deregulation that was dominant for far too long allowed private businesses to make terrible mistakes,” said Frank (became chairman of the Financial Services Committee in 2006).
But, but President Clinton is the one who signed the dereg legislation (passed by the Senate 98-0), and Clinton’s then-Treasury Secy, Robert Rubin---(a top Obama economic adviser who recently ousted from his perch at Citibank with $250 million severance-----approved.
NOTE Under Secretary of the Treasury for International Affairs from 1999-2001 under Secretaries Robert Rubin and Lawrence Summers was---drum roll please----Turbo Timmy Geithner..