Immediately upon his exit from the US Senate, Phil Gramm found work at Swiss bank UBS as its Vice Chairman. Now semi-retired, Gramm today works in the Wealth Management department, where he brought on former President Bill Clinton, former pretzeldent George W Bush, Democratic strategist and one fun guy James Carville, plus other Buy Partisan luminaries.
SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html
Who would have thought President Clinton and Sen. Gramm -- the two key figures in repealing Glass-Steagall -- would work together in Wealth Management at a Swiss bank?
Since the New Deal, Glass-Steagall had protected the US taxpayer from the Wall Street casino by law. After its repeal, the US taxpayer got put on the hook for, among other things, the most recent $16 trillion Wall Street bailout.
In September 2008 on DU2 I described the situation: Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.
Those interested may also enjoy what Robert Scheer thinks about Phil Gramm.
https://panamapapers.icij.org/20160403-panama-papers-global-overview.html
For some reason, until the Panama Papers, this information wasn't much interest to the USA's "news media." Perhaps they don't like to disturb their owners and operators any more than they have to.
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