law they broke the law they committed fraud ok we know that but here you have robert rubin the master of seven billion dollars in some shape and citigroup has banned this basically. for fraud for years now this is the one of the most highly trained stocks in the world it's a stock that goes into the algorithmic trading programs on a daily basis millions of shares trade every hour of citigroup stock and it's right there for the taking all the front row in there and cherry picking that goes on robert rubin one of the just just really in the pantheon of fraudsters you know he's got to have a special place he is really the primo de primo on the fraudsters. so a few weeks ago we spoke to catherine austin fitts who used to be in the cabinet of george bush the first and she said that there are those in the world who can kill with impunity and those who can't so we're going to look at this story a little bit deeper because first i'm going to turn to the video for the two thousand and five and this is shake bin saeed al nahyan who i believe is the brother of shaikh akhmed bins i had on my own

. >> is the voting system broken quest attorney robert rubin says yes, any big way. >> it was not in compliance with state law. >> any person no matter where they live in the city can run for specific council seats allowing challengers to pick up on that they think they can be. rubin has the good track record of suing governments to change the voting record saying it puts minority at that disadvantage. the council grabs headlines lately because they say they are 37% asian but for the past few years the vast majority of the council has been white. >> it's important because the something like that district system that's more fair and reflective of the community. >>> at the cultural mix that we find in santa clara. >>> he doesn't know our city, our counsel or residence. >> she is the lone exception because her mother was born in spain. there was afforded to position against the ballot measure that would ask voters to change the current at-large system. >> we didn't want to go to voters for something we don't feel with producing results and cost of several thousand dollars. >> on the cur

i would like to invite robert rubin from the community for civil rights.tyler millin from the defense collaborative? beverly upton from the san francisco domestic violence consortium. >> as the supervisor said, my name is tyler millin. if you're unfamiliar with the edc, we are the agency that assists in 95% plus in responding to lawsuits. it is not true where it says in paragraph 12 that we are unable to meet the increased needs. we have met that need for the past 15 years. we will never turn away a tenant that is being evicted. we help everyone. the problem is with help everyone represent themselves. president carter is right. 90% go through their case without an attorney. 90% of landlords are represented by aggressive counsel. there is no question that the right to counsel does not exist for low-income people. there is no question that we need more representation for those tenants. there is no question it will result in fewer tenants becoming homeless as a result. however, this is where i depart slightly from the other supporters. we do not need more rep

the three of us had the pleasure working for robert rubin. i know personally we need -- many of the points have been incredibly well articulated about how important this need is and the multiplier effect from this investment in council and certain civil proceedings which can be best determined by the court. the story of the men amounts of -- the immense amount in the court system -- this will provide tremendous relief by providing legal expertise and counsel to many of our clients who are about to lose their homes. this custody of their children or in domestic violence proceedings. i am happy to support this today. we know the multiplier effect of this investment. everyday a constituent walks into our office, someone who is about to lose their home world has lost a job looking for shelter or a bed. we know how expensive it is to provide all the services thereafter to many of our constituents and how we can support them. we have a motion again and there is a second. we can do this well -- without opposition. i want to thank everyone who has wo

not inflated but also prices have now was the result of a financially engineer outcome thanks to robert rubin who was with alan greenspan at the time alan greenspan himself other wall street bankers well it's certainly convenient that every time they flood the money into the system the top one percent get a huge boost but there is no wage inflation. so threadneedle street said that the wealthy families had been the largest beneficiaries of its three hundred seventy five billion pound quantitative easing q.e. program under which has been buying government gilt for cash since early two thousand and nine the bank of england calculated that the value of shares of bonds had risen by twenty six percent or six hundred billion pounds as a result of the policy equivalent to ten thousand pounds for each household in the u.k. it added however that forty percent of the gains went to the richest five percent of households not those of the gorillas gorillas are getting fat from all the quantitative easing engineer to fatten the gorillas by leaving the molasses stuck at the bottom of the pit fending for the

we'll start with two former secretaries of trek treasury, robert rubin, paul o'neill, one a democrat, one a republican. we'll talk about the fiscal cliff, how to avoid falled over it and once we solve that problem how we get the rest of the u.s. house in order. >>> then an exclusive inthor view with bill gates, the richest man in the united states and the world's biggest philanthropist. i'll get his thoughts on the president's re-election, on the new innovation economy, and the revolution taking place in education. >>> and why the next foreign policy crisis for the world's number one power might well involve the world's number two power. but first here's my take. now that president obama has won re-election, the debate in washington has shifted from whether we should raise taxes to how and by how much. this makes sense. with a deficit over a trillion dollars, we will need a combination of increased tax revenues and spending cuts. the president and his allies including robert rubin have made the case that eliminating deductions simply will not get you enough money. you will actually ha

one of the people who was instrumental in getting that done was robert rubin who was still in the secretary of the treasury and when you retired from treasury department you became vice chairman of citigroup you know at citi group he made over a hundred million dollars to keep beating a financial crisis. he also just point that out. for to was asked does lauren ever get to take a night off that's dedication for a giver a's no not really i don't get a lot of time off and yes please on the race thanks for suggesting that on that note it would be a good time to leave you there's more i want to get to but to save it for another time because that is all the time for today thank you so much for watching make sure to come back tomorrow and in the meantime you know you can follow me on twitter at lauren lyster and you can give us feedback on the show any you missed and you should definitely subscribe at youtube dot com slash capital account you can also watch our show in h.d. on kulu at hulu dot com slash capital dash account catch our show tomorrow we have a new guest peter tear t.f. market adviso

and the panel with robert rubin and hank paulson.antime, brian shactman has more news. >> a lot of people ask me why is ibm up when revenues were light. revenues were down in almost every segment. they weren't down as much as some experts had expected, but full year eps guidance above estimates, margin expansion, $3.7 billion in buy backs part of the optimism. the pattern has been big on ips and light on revenue. yum brands were the opposite. the key everyone looks at is a proxy for china. they're down 1.5%. >> worked against them in that case. thank you, brian, earlier today, mandy, maria sat down with some of the best minds in the world for the best ideas of where to put your money now. >> absolutely this is what they had to say. >> the best house in the financial asset neighborhood, but it's not clear if it's a good neighborhood or bad neighborhood. >> would you sell apple right here? >> no, i do not recommend things that have gone up 50 or 100%. i think apple is a superb company with several years of superior growth head of them.

we talked to the secretary of the treasury, i don't recall -- >> robert rubin? he was the secretary of the treasury at the time. >> yeah, we would've spoken to him, i'm sure. and had bob rubin said, "no, the treasury feels this is wrong," we would've been careful. because obviously, the treasury recommends to the president on an issue of this sort. and there was no argument. no one said, "we'll have to think about it." and so a consensus built up. i don't think it started in the fed. i would guess it started in the industry, it certainly got into the congress. >> by eliminating the glass-steagall restrictions we free our financial services industry to maintain its place as the world leader -- >> we dominate the world financial market, and we've done it with one hand tied behind us because we have the greatest economic system in the history of the world. but we can untie that hand that we have had tied behind us. and we do it in this bill by repealing glass-steagall. >> lawmakers inevitably learn as lobbyists tell them things. it's sort of like a doctor being sold

coming up on "closing bell," we have steve leisman's interview with henry paulson and robert rubin. thanks for watching "street signs," all of these big interviews and more, delivering alpha ahead, have a great day. >>> hi, everybody. welcome to the special edition of "closing bell." i'm maria bartiromo coming to you from the delivering alpha conference, we will have a rare and special event today, to former secretary treasuries together. and on a day when we have good moves in stocks. >> we i'm bill griffeth, and that will be an interesting dynamic between paulson and rubin considering the economic and political climate. we'll be looking forward to that. in the meantime, as you mentioned, a good way under way at wall street. despite a decline of the you're row, the dow is up. better than expected home construction data out this morning helps. the nasdaq is doing even better up 27 points, and the s&p 500 is showing a gain of 7 points at 1370. >> we break down the closing belle exchange. we have bob pasings ani and rick santelli. >> and we have ben bernanke testifying today. it seeme

. >> robert rubin wrote this s week he thinks t they will beorced to do somhing fairly dramatic in theame-duck seson. he says they should -- rather than bicker over how much to spend on lower income americans -- that wewe really neeeed topend on education research investment. that iss not going to happen in this campaign yeyear. >> it is easy to say we should spend here and here. ththe problem is there is nmoney left. we are bumping up against the debt ceiling again. john boehner is ting to skirt that fight now. they're not sure when we will hit the debt limit but we're $50 trillion in debt with $1 trillion deficits every year. the party is over. there is going to be some reckoning. will throw one curve ball at you. if the supreme court sikes down parts of the health care law but not all of it, we could see a rise in the baseline. we could see some easing of the budget tension. some of the benefits that it cut out, there is a big cost associated with that. >> jill, any way you slice it, it lks like they're goingo have to make cuts in federal spending. that is going to have an impact on

finally, he and his friend robert rubin drove a stake through glass-steagall. it was dead and gone. then he began a massive empire known as travelers group, which the merged with citigroup. he was a beneficiary of the elimination of glass-steagall. >> use it at rob rubin, who was treasury secretary, went back after that. was it a $100 million job? >> $115 million over time, being an eminence grise at the board who did not have to do much but certainly made a lot of money. >> robert rubin is a democrat. alan greenspan is a republican, or something on the other side, right of center. is this a political matter? >> this is, again, across the aisle. home ownership was push that really involves both democrats and republicans, private-sector and public-sector. it was a push that asked regulators to team up with the regulated entities, which was highly unusual. so it was all-in. to push home -- home ownership to -- clinton wanted it to be 70% in the year 2000. he did not get quite there, they got to 69.7%. >> i remember hearing president bush brag about the 69%. >> bush also carry the stan

i would like to invite robert rubin from the community for civil rights.tyler millin from the defense collaborative? beverly upton from the san francisco domestic violence consortium. >> as the supervisor said, my