Word: rubiner
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Dates: during 2000-2009
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...important economic indicator in the United States." But Lizza skips by the irony behind the embrace. When Bush took office, he was so disdainful of investment bankers and the financial markets that he rejected the suggestion that he include a Wall Street savant, similar to Clinton Treasury Secretary Robert Rubin, on his economic team. Instead he made Alcoa CEO Paul O'Neill, who shared Bush's negative views of Wall Street, his secretary of the Treasury. As his national economic adviser Bush chose Larry Lindsey, an economist and former Fed governor who was so suspicious of the markets that...
...because before the public can link a rising stock market to a healthy economy, the stock market must actually rise. And it must keep rising. The markets have spiked upwards in the few days since Bush's plans became public. But they could sag just as quickly. As Robert Rubin used to say when asked to predict Wall Street trends: "Markets go up, markets go down...
...Staff writer Jessica R. Rubin-Wills can be reached at rubinwil@fas.harvard.edu...
...Staff writer Jessica R. Rubin-Wills can be reached at rubinwil@fas.harvard.edu...
...White House is looking for at least one new member of its economic team who can speak the language of the financial markets and calm them when necessary. "The model is Bob Rubin," said a White House insider of the Goldman, Sachs co-chairman, who headed the National Economic Council (NEC) and then the Treasury Department during the Clinton Administration. Bush advisers say Stephen Friedman, who co-chaired Goldman at Rubin's side, is being courted heavily for the NEC job. But candidates for other spots on the economic team have also been sought among nonfinancial companies. Though Bush recognizes...