MEET THE FIRM OF...

RAINES RUBIN DALEY & BOWLES EX-INVESTMENT BANKERS AND LAWYERS FORM CLINTON'S ECONOMIC TEAM. SURPRISE! IT'S PRO-WALL STREET

A bunch of investment bankers and lawyers, friendly to the stock market, heavily focused on balancing the federal budget. Sounds like the kind of firm whose ideas of government traditional Democrats would instinctively distrust. But Raines, Rubin, Daley & Bowles is only metaphorically a Wall Street firm. In fact, it is the team chosen by Bill Clinton to shape economic policy in his second term.

The firm--er, team--is still adding partners--er, members. Robert Rubin, of course, is thoroughly entrenched as Treasury Secretary and a kind of managing partner; Erskine Bowles left his North Carolina investment firm to become White House chief...

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