The Bexar

Rubin's Teflon Finally Wears Off

Personally, I believe this is a twofer for Rubin.
First time:
In my opinion, he knew that the tech comopanies were, in effect, cooking the books in the late 90's (making cheap and risky loans to companies to buy their products and thereby inflating their bottom line).
Note that he bailed out of the organization one year before the reconning.
Second time:
Now he admits that he thought the credit market was similarly cooking its business and still he recomended his firm participate and even push the effort.
Note that he again says not-my-bailiwick!

How do you say corruption, hipocracy?