Reports have surfaced that Robert Rubin is now serving as consigliore to Treasury Secretary Tim Geithner. Rubin previously served as Secretary of the Treasury under Clinton. Rubin, as Secretary of the Treasury, was Clinton’s point man who drove the deregulation of the financial markets. He then went to Wall Street where he brokered away much of the nation’s wealth while amassing millions as an official at Citibank. During Rubin’s tenure in the cabinet, he served as a mentor to Geithner; during Obama’s tenure the two have worked in tandem to ensure that community banks have no funds to lend, that small businesses are unable to grow, and that disposable income stays low. Rubin, as Secretary of the Treasury, was Clinton’s point man who drove the deregulation of the financial markets.

Rubin and Geithner, along with Hank Paulson, Bush’s Secretary of the Treasury, devised a clever plan where we ‘loan’ investment ‘banks’ such as Citigroup up to a trillion dollars, they use these funds to by T-bills, which our government guarantees, the ‘banks’ earn a huge profit, pay themselves enormous bonuses, and the economy stays in the gutter.

A lesson to be learned from this is that no matter which party controls the presidency, the investment ‘banks’ win and we lose, since they are too big to fail, apparently, while regular banks can fail all across the country and nobody cares. No matter which party controls Congress, the investment ‘banks’ win and we lose, since the ‘banks’ pay Senators and Congressmen to do their bidding, while local banks can’t afford to bribe our representatives.

Today, Rubin appears before a Congressional Committee, following yesterday’s performance by Alan Greenspan, who confessed that he made a ‘few errors’ while head of the Fed. It can be assured that plenty of righteous indignation will be expressed by members of the Committee, who have been receiving funds from Wall Street to ensure that they do the investment banks bidding.