McCain Blasts Wall Street Failure, Neglects To Mention His Adviser Helped Cause It

If McCain wants to hold someone accountable for the failure in transparency and accountability that led to the current calamity, he should turn to his good friend and adviser, Phil Gramm. Full Story »

Posted by Subramanya Sastry
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Posted by: Posted by Subramanya Sastry - Sep 15, 2008 - 8:45 PM PDT
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Edited by: Fabrice Florin - Sep 17, 2008 - 9:41 AM PDT

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Randy Morrow
4.2
by Randy Morrow - Oct. 1, 2008

Some excellent points are raised in this post, I especially enjoyed the question of how Fiorina (who got a $42 Mil. golden parachute from HP) will fit in with the McCain/Palin goal of no golden parachutes.

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Jack Dinkmeyer
5.0
by Jack Dinkmeyer - Oct. 1, 2008

Great story about McCain's one-day flip flop from an economy that's "basically sound" to "I need to clean up Wall Street" that now has people watching his nose grow longer. Unbelievable two-faced stuff from someone who was a major player in the famous Keating Five scandal. Writing about Palin and McCain, the author states: "What neither she nor McCain has explained is how they plan to be able to transform Wall Street when they are being assisted by 177 lobbyist and the guy who greased the way to the current crisis with a backroom legislative maneuver." How indeed?

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Dwight Rousu
4.5
by Dwight Rousu - Oct. 1, 2008

The article provides the interesting information that Gramm is apparently still highly active in Republican McCain's campaign in spite of the public claim that he had been banished. It shows the Republican deep deep involvement in causing the Financial meltdown by removing any government control. That involvement makes the superficial campaign statements about cleaning things up sound very hollow.

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James Canning
4.9
by James Canning - Oct. 1, 2008

Quick read and a great story. McCain's good buddy, Phil Gramm, played a huge role in setting up the financial catastrophe erupting globally. Greed is good! Too many Americans are whiners these days! Wallow in the billions of dollars of easy money, made from selling bogus "securities" rated by compromised rating agencies.

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Subramanya Sastry
4.0
by Subramanya Sastry - Oct. 1, 2008
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