This guy was running the US Treasury during the period known as "irrational exhuberance", while all his Wall Street pals got filthy rich before they pulled the carpet. Soon after, Rubin exits stage left and accepts a $23 million annual pay package from JabaTheHut's Citigroup. IMO his real job, not known by many, is to "fix" the high risk loans and paper schemes before they blow up. He gets rave reviews from JabaTheHut when he cleverly unloads most of the unwanted debt and risk (Enron, etc.)onto unsuspecting third parties. That gigantic flush was heard shortly thereafter leaving C with a much reduced exposure.