I suspect you already knew this but it bears repeating.
From: IMF deserves no credit by John Laughland. (1998 article)
Foreign investors are already benefiting:60 per cent of the $6.4bn worth of GKOs converted into dollar Eurobonds went to them. As lead manager for the deal, Goldman Sachs is expected, in one fell swoop, to cash in more profit than all German banks have made together in Russia since 1991. Some Republican pressure groups have been quick to point out that the partners of Goldman Sachs were prominent among the list of donors to President Clinton’s election campaign, while the US treasury secretary is one of its former partners.Clinton helped Russia pay back it's debt by cutting OUR oil production. In effect, we American drivers helped pay off Russia's debt when we bought gas at those tremendously high prices last year. Clinton engineered oil crisis last May [ie, May 2000] Co-incidentally Rubin's former employer Goldman Sachs benefitted, when it didn't lose all the money it invested.
A summary of Rubin's career from a Citigroup web page about its business heads.
Robert E. Rubin is a Director, a Member of the Office of the Chairman of Citigroup Inc., and a member of the Citigroup Management Committee. He has been involved with financial markets and our nation's public policy debate all his professional life.Mr. Rubin began his career in finance at Goldman Sachs & Company in New York City in 1966. He joined Goldman as an Associate, became a General Partner in 1971 and joined the Management Committee in 1980. Mr. Rubin was Vice-Chairman and Co-Chief Operating Officer from 1987-90, and served as Co-Senior Partner and Co-Chairman from 1990-92. Before joining Goldman, he was an attorney at the firm of Cleary, Gottlieb, Steen & Hamilton in New York City.
Mr. Rubin, long active in national and New York City public affairs, left the private sector in 1993 to join the Clinton Administration. Beginning with the President's inauguration, Mr. Rubin served in the White House as Assistant to the President for Economic Policy. Directing the activities of the National Economic Council (NEC), Mr. Rubin guided the newly created NEC as it oversaw the Administration's domestic and international economic policymaking process, coordinated economic policy recommendations to the President, and monitored the implementation of the President's economic policy goals.
Upon the retirement of his predecessor, Lloyd Bentsen, Mr. Rubin was President Clinton's choice to serve as our nation's 70th Secretary of the Treasury. He was confirmed by the U.S. Senate and sworn into office on January 10, 1995.
As Secretary of the Treasury, Mr. Rubin played a leading role in many of the nation's most important policy debates. He was involved in balancing the federal budget; opening trade policy to further globalization; acting to stem financial crises in Mexico, Asia and Russia; helping to resolve the impasse between the Congress and the Executive Branch over the public debt limit; safeguarding the nation's currency against counterfeiting; introducing inflation-indexed securities; strongly responding to issues at Treasury's law enforcement agencies; and guiding sensible reforms at the Internal Revenue Service. He left Treasury on July 2, 1999.
Mr. Rubin now serves as Chairman of the Board of the Local Initiative Support Corporation (LISC). LISC is the nation's leading community development support organization with 41 offices nationwide. At the White House and Treasury, Mr. Rubin was a leading advocate for policy actions that met the need for economic development in the nation's distressed urban and rural areas.
Mr. Rubin joined Citigroup on October 26, 1999, where he participates in the strategic, managerial and operational matters of the company. He also serves as a member of the Board of Directors of the Ford Motor Company. In March 2000, he became a member of the Advisory Board of Insight Capital Partners, a New York-based private-equity investment firm that specializes in e-commerce business-to-business companies.