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The Early Word: The Economic Rollout
The Caucus — ... deregulation, a combination that was credited with fueling the prosperity of the 1990s. But times have changed since then. On Wall Street, Mr. Rubin is facing questions about his role as director of Citigroup given the bank’s current woes. And in Washington, he and his acolytes are calling for a new formulation to address the global economic crisis that Mr. Obama will inherit — and rejecting or setting aside, for now, some of their old orthodoxies. The Wall Street Journal traces the backstory of the “student-and-mentor pair” of Mr. Geithner and Mr. Summers. And the Journal’s ...