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View Diary: Frank Rich: Pivot Or Spin? (22 comments)

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  •  Robert Rubin at AIG in 1991! (2+ / 0-)
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    emal, divineorder

    Can't give you a link because I found this on Lexis, a subscription service. This is an article going back nearly 20 years tracking where Milken's Drexel guys went after Drexel's bankruptcy and Milken's incarceration. Remember that it was a Drexelite who conceived credit default swaps at the financial services London office of AIG.

    Robert Rubin, the center of it all for many years. He captured Clinton and Obama too, it would seem.

    February 11, 1991
    Investment Dealers’ Digest
    HEADLINE: Drexel Diaspora;
    The People Who Drove the Juggernaut, One Year Later
    BYLINE: By Anne Schwimmer
    snip
    AIG
    In addition, the Drexel Burnham Lambert Trading Corp. subsidiary which specialized in commodities landed at AIG Group in New Jersey.  Officials at the firm would not return phone calls and the exact size of the group could not be obtained by presstime.  The Drexel group was headed by Robert Rubin. snip

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