General Discussion
In reply to the discussion: Larry Summers and the Secret "End-Game" Memo (collapse of the world economy) [View all]Octafish
(55,745 posts)The former Senator from Texas helped ramrod bank deregulation, which included the repeal of the Glass-Steagall Act, and which President Clinton signed. Wall Street used their newfound powers to loot their customers and then had the taxpayers not only bailout the banks, but give them fat bonuses as millions were tossed from their homes.
When it comes to "Wealth Management," Phil Gramm's UBS Vice Chairman home page separates the punters from the players. Now, these former officials are helping those who most benefited from their economic policies "Have More."
It's a Buy-Partisan Who's Who:
President William J. Clinton
President George W. Bush
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool
SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html
One of my attorney chums doesn't like to see his name on any committees, event letterhead or political campaign literature. These folks, it seems to me, are past caring.
Some of why DUers and ALL voters should care about Phil Gramm.
Thank Moon for DU. The fact the nation's "news media" doesn't cover history, or much beyond the horse race, should also be of concern to those interested in democracy.