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The Long Demise of Glass-Steagall - CitiGroup Led... (pbs.org)
9 points by spoiledtechie on March 24, 2009 | hide | past | favorite | 2 comments


Just days after the administration (including the Treasury Department) agrees to support the repeal, Treasury Secretary Robert Rubin, the former co-chairman of a major Wall Street investment bank, Goldman Sachs, raises eyebrows by accepting a top job at Citigroup as Weill's chief lieutenant. The previous year, Weill had called Secretary Rubin to give him advance notice of the upcoming merger announcement. When Weill told Rubin he had some important news, the secretary reportedly quipped, "You're buying the government?"

UGH....


Another PBS fantastic report highly related is The Secret History of the Credit Card (2004) http://video.google.com/videoplay?docid=-9048007397539880204...




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