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Article: Rubin Faces a World of Troubles Beyond Mexico's Peso Plunge
- Article from:
- The Washington Post
- Article date:
- January 29, 1995
- Author:
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Robert E. Rubin, Bill Clinton's new treasury secretary, fits the
mold in many ways. A highly successful investor as co-chairman of
Goldman Sachs & Co., Rubin follows such secretaries who made their
mark on Wall Street as Donald T. Regan, Ronald Reagan's first
appointee; Nicholas Brady, George Bush's man; and John F. Kennedy's
C. Douglas Dillon. Rubin is a Democrat, of course, while the others
were Republicans.
In an informal meeting Wednesday with a group of reporters, Rubin
concentrated on the Mexican peso crisis. He fears that unless the
proposed $40 billion in loan guarantees for Mexico is approved, the
recent ability of Mexico, Spain and other developing countries to
participate in ...