Robert Rubin: Profile of a Failed Board Member

The WSJ asks a very good question: why in the world is Robert Rubin still allowed to be a director of Citigroup? Rubin has been a director for over a decade, during which time the company has almost failed a couple of times, was suspended from making acquisitions in 2005 due to regulatory and ethical failures and now needs a government rescue. Oh, and Rubin once tried to use his political influence to prop up Enron, an important Citigroup client.

Mr. Rubin asked a Treasury official to lean on credit-rating agencies to maintain a more positive rating than Enron deserved. What signal will President-elect Barack Obama send if his Administration, populated with Mr. Rubin's protégés, allows this uberfixer to continue flying hither and yon on the corporate jet while taxpayers foot the bill?

Of course, that is a rhetorical question. To the Leftists in Democratland, Rubin and all of his disciples in the new Obama administration are to be revered - not questioned.