KO on Countdown: McCain and freaking Phil Gramm. Ugh. I thought

Ilsa

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Tue May-27-08 07:02 PM
Original message

KO on Countdown: McCain and freaking Phil Gramm. Ugh. I thought

I had seen the last of that damn vulture, Gramm. We sure as hell need to defeat McSame if he is going to place Gramm in his Cabinet.

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mitchum

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Tue May-27-08 07:03 PM
Response to Original message

1. Onward to the past

it's the gop way

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malaise

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Tue May-27-08 07:04 PM
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2. The man with the Enron Christmas present

What a scumbag.

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BlooInBloo

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Tue May-27-08 07:08 PM
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3. Heh. I'm still waiting for the revelation that **McCain** himself is a lobbyist!

:rofl:

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OmmmSweetOmmm

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Tue May-27-08 07:10 PM
Response to Reply #3

4. LOL!!!

:rofl:

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malaise

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Tue May-27-08 07:10 PM
Response to Reply #3

5. This is great stuff

Bwaaaaaaaaaaaaaaaaaah! Treasury secretary ----UBS lobbyist. I'm lovin it. :rofl: :popcorn:

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BlooInBloo

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Tue May-27-08 07:11 PM
Response to Reply #5

7. I can't help it - I'm still amazed every single fucking time I hear stuff like this.

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TahitiNut

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Tue May-27-08 07:10 PM
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6. Phil and Wendy Gramm belong in prison.

From Enron to subprime and beyond, they've corrupted the federal regulatory system more than anyone else. Continuoulsy and while being PAID to do so. They're among the worst of the worst.

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malaise

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Tue May-27-08 07:12 PM
Response to Reply #6

8. Scumbags all

This is going to be so much fun.

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Ilsa

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Tue May-27-08 07:25 PM
Response to Reply #6

9. Wendy Gramm had to ante up several million dollars in

Edited on Tue May-27-08 07:25 PM by Ilsa

restitution for not doing her job while she was on the board at ENRON. I guess she's paid it. She was on the Audit Committee of the board, IIRC.

Jail is too good for those two.

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KamaAina

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Tue May-27-08 07:38 PM
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10. Place "phil gramm enron" into teh Google and see what happens

Here's a start:

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

The one person in the Enron scandal whom congress is not likely to subpoena is its own revered Phil Gramm, the retiring Republican Senator from Texas. Gramm and his wife, Wendy, have tight links to Enron, Wendy being a director and Gramm the pusher of legislation that assisted the company during its troubles last year. In December, his press secretary denied the latter charge, saying, "Senator Gramm took no role, had no say, and did not vote on the energy futures provisions."...

A few days after she got the ball rolling on the exemption, Wendy Gramm resigned from the commission. Enron soon appointed her to its board of directors, where she served on the audit committee, which oversees the inner financial workings of the corporation. For this, the company paid her between $915,000 and $1.85 million in stocks and dividends, as much as $50,000 in annual salary, and $176,000 in attendance fees, according to a report by Public Citizen, a group that has relentlessly tracked Enron, which in turn has called the report unfair....

In June 2000, Senator Gramm co-sponsored the Commodity Futures Modernization Act, a measure aimed at deregulating certain kinds of futures trading, but not energy futures. That bill never made it to the floor, and thus quietly died. Six months later, on December 15, Gramm curiously turned up as co-sponsor of a bill with the same name, the Commodity Futures Modernization Act, which did deregulate energy futures and which, without undergoing the usual committee hearings and preliminary votes, was immediately attached as a rider to an 11,000-page appropriations bill. It passed and was signed into law by President Bill Clinton six days later. Few lawmakers had likely perused the rider carefully, if they even knew it was there. And at any rate, Enron had given to the campaigns of over 200 legislators....

All during this period there was a series of remarkable coincidences. Between June and December 2000, the California energy situation was worsening but still not in crisis. After the Gramm bill went through, all hell broke loose, with one emergency rolling blackout after another. There were charges that out-of-state suppliers were withholding gas and running up the price. Finally, in June 2001, public pressure forced the Federal Energy Regulatory Commission, or FERC, to reassert price controls.

We need to hammer McEnron on this!

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annabanana

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Tue May-27-08 09:27 PM
Response to Original message

11. That was some good damn journalism. He dug into the files

and records and made it crystal clear why Graham shouldn't be allowed within a mile of economic policy. Graham single-handedly made the burden on ordinary Americans 10 times heavier.

Way to go Keith!!!

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