McCain Econ Advisers linked to subprime crisis


	McCain Econ Advisers linked to subprime crisis

masbury

4-3-2008 12:04 AM

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tags:

mccain, economy, politics

masbury says:

Champions of deregulation and aggressive corporate behavior

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4-3-2008 9:53 AM

AcesLucky

Bush Jr.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7ca2af29-4409-4c41-ae2d-ad43f553d1b9/F7BFB319-6B08-41C2-88A0-888656A08402/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.democracynow.org/2008/4/2/headlines" href="http://www.democracynow.org/2008/4/2/headlines" style="font-size: 11px;">www.democracynow.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democracynow.org/2008/4/2/headlines"><H4 id="5" class="headlines">McCain Economic Advisers Under Scrutiny</H4></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democracynow.org/2008/4/2/headlines">McCain is coming under new scrutiny today for having economic advisers linked to aggressive corporate behavior and financial deregulation. McCain adviser and former Senator Phil Gramm is a vice-chair of the UBS investment bank. On Tuesday, UBS announced losses of billions of dollars because of investments tied to the US subprime mortgage crisis. In the 1990s, Gramm chaired the Senate Banking Committee, where he led efforts to deregulate the financial industry. His efforts culminated in the 1999 repeal of the Glass-Steagall law separating regulation of commercial and investment banks. Another key McCain adviser, Carly Fiorina, is the former CEO of Hewlett-Packard. She was ousted three years ago and linked to spying efforts to uncover the source of a boardroom leak.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F7BFB319-6B08-41C2-88A0-888656A08402/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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