Yo Bob Rubin: Shut Your Freaking Pie Hole

You would think Rubin would know better:

• While some people saw one or more of these factors, virtually no one involved in the financial system—whether institutions, investors, regulators, analysts, or commentators—recognized the breadth of forces at work or the possibility of a megacrisis, and this included the most experienced among us. More personally, I regret that I, too, didn't see the potential for such extreme conditions despite my many years involved in financial matters and my concern for market excesses.

Hey Bob, you stupid prick, I have one name for you, Brooksley Born.

Comments

[rich]

Its amazing no one co`uld have forseen this (Everyone forsaw this) but some banks positioned them selves perfectly when the crap hit the fan coincidence I guess???? Why did Goldman sachs hedge all its bets 35 to one with AIG because they knew it was going to tank. Bob Rubin you sir are a liar and not even a convincing one at that..

[DailyBail]

have you seen this...nassim taleb annihilates bob rubin....

http://dailybail.com/home/32-seconds-of-nassim-taleb-kicking-bob-rubins-ass-video.html

[James H]

Check out John Hussman's latest -- he saw the core problem (mis-pricing of risk) 5 years ago. Michael Panzner saw it. So did Mike Stathis. That's just three of the top of my head. I'm sure there were others.

Moreover, Paulson, Geithner and Bernanke saw the problem by early 2008 and started gaming for a big-ass bailout. They lied all spring and summer about how great things were, etc. Once again, it's time to play Dumbass or Liar? with Bob Rubin.

I say dumbass, you say liar. Whatever. Put them in jail and claw back their pay since 2003. That would be proper and just.

[DailyBail]

you and spidey proved it that one night...it was liar.,,somebody found the kashkasri quote where he spilled the beans that they knew all along and were preparing...

[Oberron4life]

They knew it, they always knew it. Ask any banker why they continue to loan money to companies that that are losing millions, maybe hundreds of millions per year. They have always understood the concept of too big to fail. This is not a new concept. The only thing that is different was they figured out they could do it themselves. They each trade too much for any one of them to lose and they are all safe. If they all go at once, they government simply has no choice but to bail them all out. It's the perfect ponzi scheme with the safest of all safety nets.

[DailyBail]

It's the perfect ponzi scheme with the safest of all safety nets.

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raise cap requirements and limit leverage to 10:1....it's a easy fix...but the bankers won't let it happen in dc...

throw the bums out...

[S. Gompers]

"throw the bums out..."

I agree, but too many still have the desire to support their herds, so unless hell freezes over we will probably not see anything that dramatic.

Some even here are prime examples of that "my party can do no wrong, they were put here to take care of our souls till Jesus returns" mantra.

I take care of my own soul thank you.