Thursday, April 8, 2010
Today Charles Prince, former Citigroup CEO, and Robert Rubin, former chair of the executive committee, testified before the Financial Crisis Inquiry Commission. According to the account in the New York Times, they took contrasting strategies in their testimony. Prince repeatedly apologized and appeared "dignified, sympathetic and even statesmanlike." In contrast, Rubin downplayed his involvement and appeared "drawn and demoralized." NYTimes, Panel Criticizes Oversight of Citi by 2 Executives.
See the FCIC website for full coverage.