Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Private Emails Reveal Ex-Clinton Aide’s Secret Spy Network [View all]Octafish
(55,745 posts)41. Why secrecy is undemocratic...
Phil Gramm: From US Senator to UBS Banker
EXCERPT...
Prologue: As a Republican U.S. Senator and chairman of the Senate Banking Committee, Phil Gramm introduced the Gramm-Leach-Bliley Act, deregulating banks in 1999. Three years later after leaving office in 2002 Senator Phil Gramm served as Vice Chairman and a member of the Swiss banking giant UBS AG. In May 2009 the company completed the acquisition of the bailed-out AIG Financial Products Corp., including AIGs rights to the DJAIG Commodity index. Current Market Cap: $71 billion. Phil Gramm was also John McCains presidential senior economic adviser in 2008. Economist Paul Krugman named Phil Gramm as #2 man of the economic crisis. Alan Greenspan was #1. (Personally, I would have also named Goldman Sachs CEO and U.S. Treasury Secretary Hank Paulson as #3.)
-- http://bud-meyers.blogspot.com/2011/04/phil-gramm-from-us-senator-to-ubs.html?m=1
EXCERPT...
Prologue: As a Republican U.S. Senator and chairman of the Senate Banking Committee, Phil Gramm introduced the Gramm-Leach-Bliley Act, deregulating banks in 1999. Three years later after leaving office in 2002 Senator Phil Gramm served as Vice Chairman and a member of the Swiss banking giant UBS AG. In May 2009 the company completed the acquisition of the bailed-out AIG Financial Products Corp., including AIGs rights to the DJAIG Commodity index. Current Market Cap: $71 billion. Phil Gramm was also John McCains presidential senior economic adviser in 2008. Economist Paul Krugman named Phil Gramm as #2 man of the economic crisis. Alan Greenspan was #1. (Personally, I would have also named Goldman Sachs CEO and U.S. Treasury Secretary Hank Paulson as #3.)
-- http://bud-meyers.blogspot.com/2011/04/phil-gramm-from-us-senator-to-ubs.html?m=1
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
55 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
We were all very naive back then. We actually thought the crooks could be prosecuted and
sabrina 1
Mar 2015
#27
padilla is an American citizen held and tortured for nearly 5 years
questionseverything
Mar 2015
#37
" . . . in advance of the long-awaited sentencing of Kyle Dustin “Dusty” Foggo, . . ."
Major Hogwash
Mar 2015
#49
Unbelievable story about how Amb. Scott Gration lost his POST for using secondary email account.
Octafish
Mar 2015
#11
Yes, it certainly is more like a Royal Court at those levels, than a Democratic system. And the
sabrina 1
Mar 2015
#31