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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Robert Rubin

By Megan McArdle
Nov 24 2008, 1:22 PM ET Comment

One of the problems that Obama is facing in staffing his economic team is that a normally deep bench, Wall Street, is essentially off the roster.  If Felix Salmon is on to something, the taint may be spreading into past administrations:

Up until now, I had a vague concept that Rubin's biggest mistake at Citi was to have spent too much time as a rainmaker, schmoozing clients, and not enough time sorting out internal problems. According to this story, however, Rubin was front and center in encouraging Citi's investment bank to take on more risk -- a strategy which had been hugely profitable at his former bank, Goldman Sachs. Did Rubin really think that he could turn Salomon Smith Barney into Goldman Sachs just by encouraging more risk-taking? I doubt it. But if Rubin wasn't spending much time on the trading floor, it's possible he was unaware of just how screwy Citi's risk management was

Rubin is one of the few icons of Wall Street who hasn't been stained with the fallout from the financial crisis--Republicans don't want to blame capitalist institutions, and Democrats don't want to imply that St. Robert of Clinton might not have miraculous economic healing powers.   He thus somehow managed to survive a really colossal lapse during the Enron scandal with his reputation nearly intact.  But it's looking less likely that he'll survive the Sack of the Citi.


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