Foreclosure Phil Gramm (McC's top econ advisor and architect of this fnancial meltdown)

[Waiting For Everyman]

David Corn
Mother Jones, July/August 2008

NEWS: Years before Phil Gramm was a McCain campaign adviser and a lobbyist for a Swiss bank at the center of the housing credit crisis, he pulled a sly maneuver in the Senate that helped create today's subprime meltdown.

Who's to blame for the biggest financial catastrophe of our time? There are plenty of culprits, but one candidate for lead perp is former Sen. Phil Gramm. Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown. Yet has Gramm been banished from the corridors of power? Reviled as the villain who bankrupted Middle America? Hardly. Now a well-paid executive at a Swiss bank, Gramm cochairs Sen. John McCain's presidential campaign and advises the Republican candidate on economic matters. He's been mentioned as a possible Treasury secretary should McCain win. That's right: A guy who helped screw up the global financial system could end up in charge of US economic policy. Talk about a market failure.

http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html

___________________________________________________________________

And now I hear today, that McC is going to reform his own econ advisor's and his own party's de-regulation? That's THE BIG LIE of ALL of AMERICAN HISTORY, right there. That's the biggest lie I can ever remember... not covered up, but being said right out front by McC himself (and Palin) in the news media. MAN!!! Up is down, and black is white.

That's like (excuse the analogy but it's what comes to mind that would be on a par with this) if Hitler tried to prosecute himself for war crimes!

[54anickel]

1. K&R - Thanks for posting - n/t

[Booster]

2. Thanks for this. Sent out to everyone on my email list.

[TxBlue]

3. If Phil Gramm becomes Treasury Sec, Might as well leave country

He is dangerous. Hey, what's happening right now isn't a recession, it's just mental depression, per Dr. Phil.

[TxBlue]

4. Gramm took Texas Teachers Social Security Benefits Away

Gramm's wife was a teacher before she got some high paid govt gig.

Gramm took away Texas teachers' social security benefits away so even if a teacher paid into social security before or during or in between teaching, they just lose it and their family also. That's just wrong but that's Phil Gramm.