Fred Sauer: Did Bob Rubin Loot the Treasury to Bailout Goldman Sachs?

[Donnachaidh]

http://www.imackgroup.com/mathematics/584801-fred-sauer-did-bob-rubin-loot-the-treasury-to-bailout-goldman-sachs/

This is a must read from the American Thinker.
If prudent investors can make only 0.5% on short-term assets, how does Goldman Sachs prosper?

Robert Rubin was a very powerful man. After 26 years and rising to the level of co-senior partner, he left Goldman Sachs in 1994 to become Treasury Secretary in the Clinton administration. His first major undertaking was during the Mexican bailout of 1995.

... Rubin drew criticism in Congress for using a Treasury Department account under his personal control to distribute $20 billion to bail out Mexican bonds, of which Goldman was a key holder.

For 1998, the first year for which we have public financial information on Goldman Sachs, their total revenue was $22 billion, and their net profit was $1.256 billion. It is highly probable that the $20 billion was extremely helpful to Goldman Sachs -- if not essential to its continuing existence.


More at the link --

[msongs]

1. banks are paying 0.0000000000001% interest, no wonder they are all filth..umm filthy rich lol nt

[Hotler]

2. k&r eom.

[Wilms]

3. ^