McCain economic policy shaped by lobbyist

Republican presidential candidate Sen. John McCain’s national campaign general co-chair was being paid by a Swiss bank to lobby Congress about the U.S. mortgage crisis at the same time he was advising McCain about his economic policy, federal records show.

“Countdown with Keith Olbermann” reported Tuesday night that lobbying disclosure forms, filed by the giant Swiss bank UBS, list McCain’s campaign co-chair, former Texas Sen. Phil Gramm, as a lobbyist dealing specifically with legislation regarding the mortgage crisis as recently as Dec. 31, 2007.

Gramm joined the bank in 2002 and had registered as a lobbyist by 2004. UBS filed paperwork deregistering Gramm on April 18 of this year. Gramm continues to serve as a UBS vice chairman.

link:
http://www.msnbc.msn.com/id/24844889

You have to be very careful removing it or it might bury its head and cause an infection.

his enviromental policy, his reproductive rights policy, his bathroom break policy, and his making policy policy.

McCain is owned by K-Street and it will be hit on again and again and again till November as it should.

:kick:

when moderators are kicking it.

K&R

Gramm's wife went from the chair of the federal Commodity Futures Trading Commission (where she helped to have Enron receive a special exemption from government oversight) straight to a seat on the board of directors of, you guessed it, ENRON. Then hubby Phil helped by passing a bill which deregulated energy trading. The Gramms are the epitome of what is wrong with Washington. McCain shows a horrendous lack of judgment in choosing Gramm for an adviser.

http://www.villagevoice.com/news/0203,ridgeway,31534,6.html

Bookmarked for my new McCain library.

Thanks!

Thank you for posting this.

despise:

Enron And the Gramms

When Senator Phil Gramm and his wife Wendy danced, it was most often to Enron's tune.

Mr. Gramm, a Texas Republican, is one of the top recipients of Enron largess in the Senate. And he is a demon for deregulation. In December 2000 Mr. Gramm was one of the ringleaders who engineered the stealthlike approval of a bill that exempted energy commodity trading from government regulation and public disclosure. It was a gift tied with a bright ribbon for Enron.

Wendy Gramm has been influential in her own right. She, too, is a demon for deregulation. She headed the presidential Task Force on Regulatory Relief in the Reagan administration. And she was chairwoman of the U.S. Commodity Futures Trading Commission from 1988 until 1993.

In her final days with the commission she helped push through a ruling that exempted many energy futures contracts from regulation, a move that had been sought by Enron. Five weeks later, after resigning from the commission, Wendy Gramm was appointed to Enron's board of directors.

more

http://query.nytimes.com/gst/fullpage.html?res=9A01E0D81038F934A25752C0A9649C8B63

the epitome of republican opportunists. Unfortunately, like Rumsfeld, Cheney, Negroponte and the rest, they just keep popping up like bad belches after too much limburger cheese.

KO had his say with the special comment last week and has shifted to address info meaningful to the GE--and the rest was silence. :7

Good stuff; thanks for the link.