Tuesday, June 03, 2008

McCain's Economic Advisor: Phil Gramm

The Washington Monthly says Phil Gramm: There's More.... The former senator is McCain's chief economic advisor and he's been a primary agent of the deregulation of the last decade that has caused the sub-prime mess and others.

"If Gramm basically legalized credit default swaps, then his involvement in the subprime crisis goes far beyond his work for UBS. And John McCain should have to explain why he thinks that Phil Gramm is a good person to turn to for economic advice."

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