Republican presidential candidate Sen. John McCain’s national campaign general co-chair was being paid by a Swiss bank to lobby Congress about the U.S. mortgage crisis at the same time he was advising McCain about his economic policy, federal records show.
“Countdown with Keith Olbermann” reported Tuesday night that lobbying disclosure forms, filed by the giant Swiss bank UBS, list McCain’s campaign co-chair, former Texas Sen. Phil Gramm, as a lobbyist dealing specifically with legislation regarding the mortgage crisis as recently as Dec. 31, 2007.
Gramm joined the bank in 2002 and had registered as a lobbyist by 2004. UBS filed paperwork deregistering Gramm on April 18 of this year. Gramm continues to serve as a UBS vice chairman.
News of Gramm’s involvement as a paid advocate for the banking industry, simultaneous with his unpaid work on McCain’s economic policies, comes as McCain’s campaign continues to reel from the purge of four other lobbyists. Two weeks ago, McCain banned lobbyists from advising him on the same subjects covered by their lobbying work.
....
When Gramm chaired the Senate Banking Committee, he wrote and passed deregulatory legislation in more than one industry, establishing himself as a pre-eminent foe of government regulation. McCain’s March 26 speech recommended further deregulation of the banking industry as his response to the mortgage crisis.
....
In 1999, Gramm successfully undid the Depression-era Glass-Steagall Act, removing the decades-old wall between commercial banking, which was heavily regulated, and investment banking, which was not. The Gramm-Leach-Bliley Act did not extend significant new regulation to investment banking.
Senators Lindsay Graham and Joe Lieberman, both campaign co-chairman, also both sit on the Vets for Freedom board of advisors. The group's executive director, Pete Hegseth, is on McCain's Virginia steering committee along with the group's treasurer, Wade Zirkle.
"America has assumed this obligation before," Bush said in prepared remarks released by the White House. "After World War II we helped Germany and Japan build free societies and strong economies. These efforts took time and patience, and as a result Germany and Japan grew in freedom and prosperity and are now allies of the United States."
The result, Bush says, was "generations of security and peace" in the United States.
"Today we must do the same in Afghanistan and Iraq," he says in the prepared comments. "And by helping these young democracies grow in freedom and prosperity we will once again reap the benefits in generations of security and peace."
Today's wars aren't over yet. As reconstruction unfolds, the enemy keeps fighting — not national militaries but a complex mix of militias and terrorists in Iraq and Afghanistan.
Another difference: It remains in debate within the country whether the pre-emptive Iraq war has bolstered U.S. security or weakened it. Bush has expressed no doubts it was warranted.
Quote by clintster:
Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.![]()
Quote by clintster:
Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.![]()
Quote by Raine:of course! good morning !Quote by clintster:
Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.![]()
Quote by Scoopster:Quote by clintster:
Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.![]()
This morning, and as many more as you can manage! :coffee:
Quote by Random:
I can say, that Hillary clinton has a better chance of being the Nader of 2008. (probably by pulling a Lieberman type stunt).
Quote by m-hadley:
BobR,
I must take exception to your comparison of Stone with Hagee and Falwell. I do believe in Karma as in what goes around comes around. I don't think it is the same thing at all, although I'm not sure that I would blame natural disasters on manmade events or vice versa. I'm just sayin'
Cheers,
mfaye :D
Quote by clintster:Quote by Raine:of course! good morning !Quote by clintster:
Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.![]()
Thankees! Thank God someone recorded Jim's appearance on "According to Jim", especially I tuned in to watch and WSB was running the OCD fearmongering special.
Quote by Raine:I don't think she can get here name on all the state ballots.Quote by Random:
I can say, that Hillary clinton has a better chance of being the Nader of 2008. (probably by pulling a Lieberman type stunt).
Most states have a filing deadline and a pretty strict set of rules to get your name on.
Quote by Raine:oh... I so rarely watch network TV. We watched KO...Quote by clintster:Quote by Raine:of course! good morning !Quote by clintster:
Morning guys. Is it okay if I hang out here this AM? I just don't know how much more I can take of liveblarging with the Three Stooges.![]()
Thankees! Thank God someone recorded Jim's appearance on "According to Jim", especially I tuned in to watch and WSB was running the OCD fearmongering special.
Quote by Random:
Doesn't mean she won't try. She may just do it to sabatoge Obama, spite...course, I'm a "Branch Obamacan" (stealing Clay's chant)
Quote by BobR:Quote by Random:
Doesn't mean she won't try. She may just do it to sabatoge Obama, spite...course, I'm a "Branch Obamacan" (stealing Clay's chant)
I don't see that happening. She's too invested in the Dem power structure.
Quote by BobR:Quote by m-hadley:
BobR,
I must take exception to your comparison of Stone with Hagee and Falwell. I do believe in Karma as in what goes around comes around. I don't think it is the same thing at all, although I'm not sure that I would blame natural disasters on manmade events or vice versa. I'm just sayin'
Cheers,
mfaye :D
Feel free to disagree.
Keep in mind though that it's the political/military leaders of China that are the cause of all the grief in Tibet, not the poor common folk most affected by the quake.
I also don't think that plate tectonics are related to karma in any way. It's a matter of geography. A more appropriate karma "response" would be the people rising up and throwing the bums out of office, or the leaders being poisoned from drinking contaminated water (because they allowed the contamination to occur), etc.
In a larger sense, I was comparing the "they are being punished for their wickedness" meme, whether it's by God or by the universe. I think it's a bad idea to assume one's self is that knowledgeable as to those finer details
Quote by clintster:
Thompson Twins!! It's like every high school dance I went to in the 80s!
Barak tells Olmert: Quit or face elections
By Ofra Edelman and Tomer Zarchin, Haaretz Correspondents, and Agencies
Tags: Ehud Barak, Morris Talansky
Defense Minister Ehud Barak on Wednesday called on Prime Minister Ehud Olmert to leave his post or prepare for early elections, saying he did not believe the premier was capable of simultaneously leading the country and dealing with his personal matters.
The call comes a day after Jewish American businessman Morris Talansky told a preliminary hearing at Jerusalem Magistrates Court on Tuesday that he gave Olmert $150,000 over a period of 15 years. The testimony is part of an investigation into Olmert, who is suspected of illegally receiving hundreds of thousands of dollars from Talansky.
"I do not think the prime minister can run, in parallel, the government and deal with his own personal affair," Barak told a news conference at the Knesset press room in Jerusalem on Wednesday.
"Therefore, out of a sense of what is good for the country and in accordance with the proper norms, I think the prime minister must disconnect himself from the daily running of the government.
Quote by Raine:
:xfingers: Clinster!
Random, I do agree with you about her trying. There is right now, I think it is going to happen today a lawsuit that will be heard in Florida regarding the delegates... YES, a lawsuit... after watching *Recount* last night it makes it all more appalling to me.
if the suit goes the way of the plaintiffs, it will make the DNC rulles committee this weekend rather moot.
Quote by Raine:
My concern about the SMS blog is that once we get to the GE, those trolls there now will look like small time.
And for those that do not have the KO, here is the KO segment regarding Phill Gramm:
Quote by Raine:
They are trolls pure and simple. I refuse to engage them. I like so many people's comments over there, but when one or 2 people are pissing in the cornflakes, it just isn't fun.
I mean it is fine to disagree about things... but insults, strawmanning and using red herring are NOT the way to debate and communicate.
They would not last long at all here, THAT I can promise.
Quote by clintster:
I am amazed at the Stooges' continuous circus act at the liveblog. It's the same every day:
1) Insult Obama
2) Insult Steph and the Mooks
3) Act defensive when called out on it
4) ???
5) Profit
Lather, rinse, repeat
I've tried changing the subject, I've tried engaging them on a non-confrontational level, but it seems they're determined to just pee in everybody's Cheerios.
Quote by clintster:Quote by Raine:
They are trolls pure and simple. I refuse to engage them. I like so many people's comments over there, but when one or 2 people are pissing in the cornflakes, it just isn't fun.
I mean it is fine to disagree about things... but insults, strawmanning and using red herring are NOT the way to debate and communicate.
They would not last long at all here, THAT I can promise.
And for that I am eternally thankful!
![]()
Quote by m-hadley:Quote by clintster:
I am amazed at the Stooges' continuous circus act at the liveblog. It's the same every day:
1) Insult Obama
2) Insult Steph and the Mooks
3) Act defensive when called out on it
4) ???
5) Profit
Lather, rinse, repeat
I've tried changing the subject, I've tried engaging them on a non-confrontational level, but it seems they're determined to just pee in everybody's Cheerios.
Clintster,
I mean no offense by this inquiry, but what the hell is your symbol supposed to be? A bunny with a coolie hat? A hamster that morphed with a mushroom? Please enlighten me - thanks mucho :D
Cheers,
mfaye
Quote by clintster:
Mornin' Pam!
Yeah, it's always a good move to drop your pants in court and ask for sexual favours!
Quote by m-hadley:Quote by clintster:
I am amazed at the Stooges' continuous circus act at the liveblog. It's the same every day:
1) Insult Obama
2) Insult Steph and the Mooks
3) Act defensive when called out on it
4) ???
5) Profit
Lather, rinse, repeat
I've tried changing the subject, I've tried engaging them on a non-confrontational level, but it seems they're determined to just pee in everybody's Cheerios.
Clintster,
I mean no offense by this inquiry, but what the hell is your symbol supposed to be? A bunny with a coolie hat? A hamster that morphed with a mushroom? Please enlighten me - thanks mucho :D
Cheers,
mfaye