A co-chairman of John McCain's presidential campaign is also an executive with a Swiss bank being investigated by regulators, Newsweek reported.
Former U.S. Sen. Phil Gramm, R-Texas, is one of five McCain campaign co-chairs. A sixth, former Rep. Tom Loeffler, R-Texas, resigned from the campaign after Newsweek reported on his role as a lobbyist for Saudi Arabia.
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A very short punchy investigative article that focuses on one specific potential problem for McCain - campaign co-chair Phil Gramm's lobbyist links to Swiss financial giant UBS, and the latter's connection with US banking legislation and the sub-prime mortgage crisis. Readers will notice three recent dates the article mentions and their relevance to Gramm (1) Dec 2007 - still a registered UBS lobbyist on mortgage backed securities (2) April 2008 UBS withdrew Gramm's registration as lobbyist (3) Ongoing investigation into UBS activities in allegedly supporting tax evasion in US. This article simply states the facts and invites further inquiry
