Proof that denial is not just a river in Africa:
Under fire for his role in the near-collapse of Citigroup Inc., Robert Rubin said its problems were due to the buckling financial system, not its own mistakes, and that his role was peripheral to the bank’s main operations even though he was one of its highest-paid officials.
“Nobody was prepared for this,” Mr. Rubin said in an interview. He cited former Federal Reserve Chairman Alan Greenspan as another example of someone whose reputation has been unfairly damaged by the crisis.
Got that? Neither Robert Rubin nor Alan Greenspan had anything to do with where we are today. Bob said it so it must be true. Carry on.
(h/t Chris @ thosedamnbankers)
Lolo, ESQ // Nov 29, 2008 at 5:54 pm
Don’t hate the playa, hate the GAME. If you could make hundreds of mil running a bank into the ground, you would too.
CB // Nov 29, 2008 at 8:34 pm
I dunno Lolo. Some people are just better at running banks into the ground than others. Take the Bandit, for example. He appears to have shit loads of talent.
Jomo // Nov 29, 2008 at 10:48 pm
Ja, but der Bandit blames de discombobulation on de ol’ Rubin-esq: CDO’s, Baby!!
alyx // Nov 29, 2008 at 10:59 pm
@CB, yeah, he’s been down that “Old Lane” before, lol…