Link Information
3
Props
Give Props
McCain's chief economic adviser Phil Gramm is the man most responsible for the repeal of banking regulations that have led directly to today's economic turmoil
This Link is located in the Public Channel Political Videos, Political Blogs, Political News.
Posted by ian 1 year 349 days ago (themoderatevoice.com).  Views: 667
Tags: john mccain  housing bubble
Related Tags: credit crisis  gold  wall street  peter schiff  economics  inflation  banks  
Phil Gramm, who is co-chair of McCain’s campaign, is not just another lobbyist. He is the man most responsible for the repeal of Depression-era banking regulations that have led directly and inextricably to much of today’s economic turmoil, and parlayed that classic example of legislative legerdemain into a lucrative lobbying career for the very people who scratched the smug Texan’s back — as well as McCain’s — on Capitol Hill.

Gramm was the biggest of the big guns behind the 1999 repeal of the banking regulations — the Gramm-Leach-Bliley Act — which was officially called The Financial Services Modernization Act. (Don’t you just love the name!)

Passage of the law was greased with an astonishing $300 million in lobbying money, and it encountered little opposition other than from those old-fashioned banks that actually insure your deposits, while receiving the enthusiastic blessing of the Bill and Hillary Clinton co-presidency. And you had better believe that the so hands-on First Lady was all for it.

View Original Article

< Prev Item | Next Item >
Comments
ian said
1 year 349 days ago
 
for more information listen to this fabulous interview with Michael Greenberger

In this highly educational interview, Mr. Greenberger discusses the Phil Gramm led repeal of Depression-era banking regulations:

http://www.npr.org/templates/story/story.php?storyId=89338743

"Perplexed by the U.S. economy? You're not alone. Law professor Michael Greenberger joins National Public Radio's Fresh Air to explain the sub-prime mortgage crisis, credit defaults, the shaky future of other types of loans and what we can expect from the U.S. financial markets. Greenberger is a professor at the University of Maryland School of Law and the director of the University's Center for Health and Homeland Security."

Click "Listen Now" near the top of the page.

Permalink  |  Twitter  |  Reply
 
 
Related Content
9
Props
Give Props
Political Videos, Political Blogs, Political News (4,066 Links)
Created by ian 2 years 346 days ago in News. Views: 2,250. Link Views: 103,302
Tags: politics  election 2008
Related Tags: news  election  celebrity news  new york times  economics  la times  slate  
Submit interesting and informative political blogs and news here! Left, right, or center - it doesn't matter.
2
Props
Give Props
Video: Obama: 'America Already Has One Dr. Phil'
This Link is located in the Public Channel Election 2008 News Videos.
Posted by MyPropsMonkey 1 year 253 days ago (feeds.feedburner.com).  Views: 96
Tags: election 2008  politics  video
Related Tags: news  tv  business  election  economics  finance  wall street  funny  
Sen. Barack Obama blasted remarks made by former Sen. Phil Gramm, Sen. John McCain's top adviser on the economy, that America has become a nation of whiners. Obama said the economic woes are not just in people's head. (July 11)
1
Prop
Give Props
McCain: I'm glad I deregulated Wall Street
This Link is located in the Public Channel Political Videos, Political Blogs, Political News.
Posted by george 1 year 180 days ago (voteoften.us).  Views: 41
Tags: politics  election 2008
Related Tags: news  election  celebrity news  new york times  economics  la times  slate  
In the wake of last week’s financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and criticizing lax oversight of Wall Street, despite the fact that he and former senator Phil Gramm passed much of the deregulatory reforms that [More...]
1
Prop
Give Props
McCain likely to let Obama choose VP first
This Link is located in the Public Channel Political Videos, Political Blogs, Political News.
Posted by george 1 year 229 days ago (voteoften.us).  Views: 45
Tags: politics  election 2008
Related Tags: news  election  celebrity news  new york times  economics  la times  slate  
Seeking to avoid a fleeting summer news splash, some of McCain's top advisers state a clear preference for not firing the valuable political bullet too soon. The Republican is more likely to wait for Barack Obama to announce his choice first, according to [More...]
1
Prop
Give Props
McCain adultery story rocks political world — oh wait, no it doesn’t
This Link is located in the Public Channel reddit homepage.
Posted by MyPropsMonkey 1 year 243 days ago (reddit.com).
Views: 66
1
Prop
Give Props
Video: Endorsing McCain's Economic Plan
This Link is located in the Public Channel Election 2008 News Videos.
Posted by MyPropsMonkey 1 year 256 days ago (feeds.feedburner.com).  Views: 62
Tags: election 2008  politics  video
Related Tags: news  tv  business  election  economics  finance  wall street  funny  
Nevada's former lieutenant general and small business leaders join together to endorse John McCain's economic plan.
1
Prop
Give Props
More Headaches for McCain’s Camp
This Link is located in the Public Channel Political Videos, Political Blogs, Political News.
Posted by george 1 year 292 days ago (voteoften.us).  Views: 52
Tags: politics  election 2008
Related Tags: news  election  celebrity news  new york times  economics  la times  slate  
For weeks now, John McCain's presidential campaign has faced awkward questions about the outside activities of several top advisers. Add one more name to the list: former Texas senator Phil Gramm, McCain's longtime friend and one of his five campaign [More...]

©2010 MyProps Inc.  Contact Us - Privacy Policy - Terms of Service