Rolling Stone: Gramm ushered in — with McCain's fervent support — a massive wave of deregulation

[Democrats_win]

"As chair of the Senate Banking Committee in the late 1990s, Gramm ushered in — with McCain's fervent support — a massive wave of deregulation for insurance companies and brokerage houses and banks, the aftershocks of which are just now being felt in Wall Street's catastrophic collapse."
http://www.rollingstone.com/news/story/23316912/makebelieve_maverick/print

McCain also did his part to loosen regulations on big corporations. In 1997, McCain became chairman of the powerful Senate Commerce Committee, which oversees the insurance and telecommunications industries, as well as the CEO pay packages of those McCain now denounces as "fat cats." The special interests with business before the committee were big and well-heeled. All told, executives and fundraisers associated with these firms donated $2.6 million to McCain when he served as the chairman or ranking member.
http://www.rollingstone.com/news/story/23316912/makebelieve_maverick/print

[aquart]

1. I so want Gramm to die in jail.

Why will no one give me what I want?

[texastoast]

2. Fuck yes, he did

And we've known about it for months. I just wish the FUCKING MSM would do their FUCKING journalistic jobs.

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

[tblue]

3. And Gramm's POS wife worked for Enron