Gramm Crackers

I tried SO hard, all day, NOT to blog about this, but I can’t stand it!    I’ve been awake for 11 hrs and I can’t take it any longer!  This really bothers me, as it should all Americans!   I’ll make it short!

Phil Gramm is a lobbyist being paid big bucks to lobby on behalf of a Swiss bank, UBS.   He is a former US Senator.  Phil was a big proponent of deregulation and was involved in passing many bills while in the Senate that financially benefited his family.  His actions contributed to the crisis we are facing right now with the bailouts among other things. 

And we all know, Phil Gramm is also the Co-Chair of the McSame national campaign.  He serves as his economic policy advisor.  ARE YOU KIDDING ME?  It gets better.  Gramm is being considered for Treasury Secretary if Mc becomes President. 

Although UBS deregistered Gramm as a lobbyist in April 08, he STILL continues to serve as a UBS Vice Chairman.  See the copies of the documents. (in the sidebar of that link)

Gramm was still actively lobbying for UBS on March 26, when he contributed to a speech in which McCain recommended further deregulation as a response to the mortgage crisis on March 26th.  (Gramm was still actively lobbying for UBS at this time)  UBS is among the banks worst hit by the global credit crisis  ($37 billion in assets tied to bad US mortgages).

It seems a a little to late for McSame to start listening to the people of this country and suddenly want more regulation.  All this ‘enlightenment’ coming in the last two days….where was he the last 22 years while serving in the Senate?

In light of our current financial disaster with the mortgages and the bailouts and everyone’s home values plummeting, do we really want the sly ol’ fox guarding the hen house?  This bailout, once again helps the big guys….us little guys get the short end of the stick AGAIN!   Wake Up America!

Lobbyists are akin to the mob.  They are the one’s running everything.  Voice your outrage people!