{"id":12439,"date":"2018-10-22T06:09:24","date_gmt":"2018-10-22T13:09:24","guid":{"rendered":"http:\/\/simonburrow.com\/?p=12439"},"modified":"2018-10-08T16:19:49","modified_gmt":"2018-10-08T23:19:49","slug":"the-robert-rubin-scam","status":"publish","type":"post","link":"https:\/\/simonburrow.com\/?p=12439","title":{"rendered":"The Robert Rubin Scam"},"content":{"rendered":"<p><a href=\"http:\/\/simonburrow.com\/?attachment_id=12440\" rel=\"attachment wp-att-12440\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"12440\" data-permalink=\"https:\/\/simonburrow.com\/?attachment_id=12440\" data-orig-file=\"https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?fit=3117%2C2049&amp;ssl=1\" data-orig-size=\"3117,2049\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 7 Plus&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1538590056&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;6.6&quot;,&quot;iso&quot;:&quot;20&quot;,&quot;shutter_speed&quot;:&quot;0.0052910052910053&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"IMG_2404\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?fit=700%2C460&amp;ssl=1\" class=\"aligncenter  wp-image-12440\" src=\"https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?resize=401%2C264\" alt=\"\" width=\"401\" height=\"264\" srcset=\"https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?w=3117&amp;ssl=1 3117w, https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?resize=300%2C197&amp;ssl=1 300w, https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?resize=768%2C505&amp;ssl=1 768w, https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?resize=1024%2C673&amp;ssl=1 1024w, https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?resize=250%2C164&amp;ssl=1 250w, https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?resize=900%2C592&amp;ssl=1 900w, https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?w=1400&amp;ssl=1 1400w, https:\/\/i0.wp.com\/simonburrow.com\/wp-content\/uploads\/2018\/10\/IMG_2404.jpg?w=2100&amp;ssl=1 2100w\" sizes=\"auto, (max-width: 401px) 100vw, 401px\" \/><\/a>&#8220;Robert Rubin, a former Secretary of the United States Treasury, one of those who sign their names on the banknote you just used to pay for coffee, collected more than $ 120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the taxpayer, he didn\u2019t write any check\u2014 he invoked uncertainty as an excuse. Heads he wins, tails he shouts &#8216;Black Swan.'&#8221;<\/p>\n<p>This excerpt from Skin in the Game by Nassim Taleb is a perfect example of how the new privileged class behaves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Robert Rubin, a former Secretary of the United States Treasury, one of those who sign their names on the banknote you just used to pay for coffee, collected more than $ 120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[7,11,3],"tags":[311,450,376],"class_list":["post-12439","post","type-post","status-publish","format-standard","hentry","category-business-success","category-politics","category-recommendations","tag-politics","tag-robert-rubin","tag-taleb"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p99jGb-3eD","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/12439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12439"}],"version-history":[{"count":1,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/12439\/revisions"}],"predecessor-version":[{"id":12441,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/12439\/revisions\/12441"}],"wp:attachment":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}