The Hamilton Project: A Taxpayer Funded Policy Shop?

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Thursday, 22 April 2010 05:23
The Washington Post reported on the restart of the Hamilton Project, a policy-oriented research project that is financed in large part by Robert Rubin. Mr. Rubin made $110 million in his decade as a top Citigroup executive. During his tenure Citigroup went from one of the largest and most profitable financial companies in the world to the edge of bankruptcy. It was only saved from bankruptcy in the fall of 2008 by tens of billions of taxpayer dollars and hundreds of billions of dollars of government guarantees. It would have been worth noting the questionable source of the project's funding in this piece. If a similar project had been launched by a coalition of labor unions, there is no doubt that the source of the funding would have been clearly noted in the piece.