Dollar Bill Phil" Gramm, The senator who's raising bundles of cash from Wall Street in his bid to be the Republican presidential nominee, likes to tell audiences how tough he is on those who commit "crime in the streets." But when it comes to "crime in the suites," ol' Phil turns into a bleeding heart, knee-jerk defender of corporate muggers.
-- Jim Hightower in 2000
http://www.alternet.org/story/8198/hightower%3A_dollar_bill_phil_gramm
ETA: Phil and Bill now work in Wealth Managenent at UBS.
After his exit from the US Senate, Phil Gramm found a job at Swiss bank UBS as vice chairman. He later brought in former President Bill Clinton to the Wealth Management team. What a coincidence, they are the two key figures in repealing Glass-Steagal. Since the New Deal it was the financial regulation that protected the US taxpayer from the Wall Street casino. Oh well, what are a few hundred million in speaking fees compared to a $16 trillion bailout among friends?
It's a Buy-Partisan Who's Who:
President William J. Clinton
President George W. Bush Heh heh heh.
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
Some of why DUers and ALL voters should care about Phil Gramm.
Until Panama Papers, the nation's "news media" pretty much never talked about offshoring. Now, perhaps, they'll get to Phil Gramm and Co's work in "Wealth Management" via the offshoring story. After all, what better way to protect your wealth by hiding it where no one knows you have it, let alone can find it?
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