Story time. Citicorp and Travelers group merged in 1998, officially violating Glass-Steagall, which was law at the time. Robert Rubin, former chairman of Goldm

Story time. Citicorp and Travelers group merged in 1998, officially violating Glass-Steagall, which was law at the time. Robert Rubin, former chairman of Goldman Sachs, was Treasury Secretary at the time. Once the repeal was passed 1999, he resigned from treasury and joined Citi the same fuckin year as a consultant and director. Between 1999 and 2009, he made ~$120 million. For more on the influence and corruption of the financial services industry see Inside Job. [1] Policy-makers and politicians can be bought cheaply. They are, and always will be, commodities. That's the lesson here. [1] https://en.wikipedia.org/wiki/Inside_Job_(2010_film) https://en.wikipedia.org/wiki/Inside_Job_(2010_film)