Recent events
2025-06-15
Other facts
SECONDARY
As of 2025, Rubin is co-founder of the Hamilton Project at Brookings Institution, co-chair emeritus of the Council on Foreign Relations, and senior counselor at Centerview Partners
2012-06-15
Transactions
SECONDARY
A group of investors filed a lawsuit alleging Rubin and other Citigroup executives sold shares at inflated prices while concealing the firm's risks; the lawsuit was settled in 2012
2011-06-15
Other facts
PRIMARY
The Financial Crisis Inquiry Commission criticized Rubin's oversight, noting that despite his stature and board-level influence, Rubin claimed ignorance of key subprime exposures until mid-2007
2010-06-15
Other facts
PRIMARY
Clinton told ABC News in 2010 he should not have listened to Rubin's advice against regulating derivatives: 'On derivatives, yeah I think they were wrong and I was wrong to take their advice'
2009-01-09
Other facts
PRIMARY
Rubin resigned from Citigroup on January 9, 2009, as the bank continued post-bailout restructuring
2008-12-15
Transactions
SECONDARY
Citigroup's losses exceeded $27 billion in Q4 2008 alone from aggressive expansion into high-risk mortgage-backed securities and structured finance products that Rubin has been accused of endorsing as part of the…
2008-10-15
Transactions
PRIMARY
Citigroup required a $45 billion TARP bailout ($25 billion in October 2008 plus $20 billion more) and $306 billion in federal asset guarantees to avert systemic failure — BlackRock advised the Federal Reserve on the…
2008-06-15
Other facts
SECONDARY
WikiLeaks emails revealed Citigroup executive Michael Froman sent a list of suggested cabinet appointments to the Obama transition team in 2008, suggesting Citigroup had significant influence over the Obama…
2007-11-15
Other facts
SECONDARY
Rubin served temporarily as Citigroup Chairman from November to December 2007, during the onset of the financial crisis
1999-11-15
Other facts
PRIMARY
Rubin and Summers recommended Congress relieve the CFTC of regulatory authority over derivatives in November 1999; the Commodity Futures Modernization Act of 2000 subsequently excluded OTC derivatives from CFTC…
1999-10-01
Transactions
PRIMARY
Robert Rubin joined Citigroup in October 1999 as chairman of executive committee with $15 million guaranteed first-year salary
1999-09-15
Transactions
SECONDARY
Upon leaving Treasury in July 1999, Rubin immediately joined Citigroup as an adviser to senior executives; he was paid a guaranteed first-year salary of $15 million plus unlimited use of the firm's private jet fleet
1999-07-01
Other facts
SECONDARY
After resigning as Treasury Secretary, Robert Rubin was secretly in negotiations to join Citigroup while helping broker final Gramm-Leach-Bliley deal
1999-02-15
Stated positions
PRIMARY
In February 1999, Time Magazine dubbed Rubin, Greenspan, and Summers 'The Committee to Save the World' on its cover — the same three officials who suppressed derivatives regulation
1998-06-15
Other facts
SECONDARY
Rubin allowed the Citibank-Travelers Group merger to proceed in 1998 before Glass-Steagall repeal formally legalized it, knowing Gramm-Leach-Bliley was imminent
1998-06-15
Other facts
SECONDARY
Gary Gensler, who later became SEC Chairman under Biden, worked under Rubin at Treasury and was involved in the derivatives deregulation effort — when CFTC lawyers tried to reach Treasury's legal counsel on Born's…
1998-06-15
Other facts
SECONDARY
Larry Summers, Rubin's deputy, called Brooksley Born and yelled 'I have 13 bankers in my office who tell me you're going to cause the worst financial crisis since the end of World War II' if she moved forward with…
1998-06-15
Other facts
PRIMARY
In 1998, Rubin and Federal Reserve Chairman Alan Greenspan opposed giving the CFTC oversight of over-the-counter credit derivatives when proposed by CFTC Chair Brooksley Born
1998-05-07
Other facts
PRIMARY
On May 7, 1998, Rubin joined Greenspan and SEC Chairman Arthur Levitt in issuing a joint statement expressing 'grave concern' about Born's CFTC proposal and announced plans to seek legislation to stop the CFTC
1998-04-21
Other facts
PRIMARY
At April 1998 meeting, Robert Rubin asked Born 'You're not going to do anything, right?' after regulators laid out opposition to derivatives regulation
1998-04-21
Other facts
SECONDARY
At a Treasury Department meeting on April 21, 1998, Rubin told Born that 'the CFTC had no jurisdiction' and should not go forward with derivatives regulation — Born requested his legal analysis and was never provided one
1998-04-15
Other facts
PRIMARY
POGO obtained notes from the April 1998 meeting showing Rubin said the 'financial community' was 'petrified' by CFTC regulation but claimed he 'didn't disagree w/ substance of CFTC's actions' — suggesting he understood…
1995-01-10
Other facts
PRIMARY
Rubin served as the 70th United States Secretary of the Treasury from January 10, 1995 to July 2, 1999
1993-01-25
Other facts
PRIMARY
Rubin served as Assistant to the President for Economic Policy and directed the National Economic Council from January 25, 1993 to January 10, 1995
GOBLIN HOUSE
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