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Phil Gramm

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GOP Uses ACORN To Fight Bank Redlining Law

AP | SHARON THEIMER and PETE YOST | Posted 10.12.2009 | Politics

WASHINGTON — Conservative Republicans are capitalizing on the troubles of community activist group ACORN – ranging from charges of voter r...

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UBS Money Laundering: What Did Phil Gramm Know?

Robert Scheer | Posted 09.18.2009 | Business

Read More: Robert Scheer, Money Laundering, Ubs, Phil Gramm, Commodity Futures Modernization Act, Gramm-Leach-Biley Act, Business News

Given the widespread involvement of UBS in what the Justice Department alleges were efforts to violate U.S. tax laws, it must be asked: Did Gramm have no inkling about what was going on?

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Ritholtz: Why Does UBS Still Employ Phil Gramm?

The Big Picture | Barry Rithholtz | Posted 07.31.2009 | Business

Read More: Phil Gramm, Deregulation, Finanical Regulation, Barry-Ritholtz, Finanical Crisis, Business News

Last week, UBS announced a 2nd Quarter loss "due to restructuring charges." The banking giant is raising $3.45 billion in a stock sale. Partly owned ...

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The Republican Summer Olympics of 2009

Gary Cohan | Posted 07.30.2009 | Politics

Read More: Corruption, Mark Sanford, Ted Stevens, Jack Abramoff, Ann Coulter, Olympics, Lobbyists, Blue States, Larry Craig, Eliot Spitzer, Dick Cheney, Adultery, Condoleezza Rice, John Edwards, Michael Savage, Gop, Newt Gingrich, Manchurian Candidate, Constitution, Republican Party, Bob Ney, Randy "Duke" Cunningham, Jim McGreevey, Mark Foley, Bill Clinton, John McCain, Social Conservatives, Ted Haggard, Rush Limbaugh, Lobbying, Scandal, Barack Obama, Red States, Homosexuality, John Ensign, Sean Hannity, Oxycontin, Neocons, Hypocrisy, Homophobia, New York Times, Neoconservatives, Alberto Gonzales, Bill O'Reilly, David Vitter, Conspiracy, Contract With America, Prostitution, Mail-Fraud, Big Tent, Tax Evasion, Michele Bachmann, Sarah Palin, Tom Delay, Teenage Pregnancy, Divorce, Internet Porn, Fox News, Phil Gramm, Hal Turner, Al Gore, Summer Olympics, Pilonidal Cyst, Vietnam Draft-Dodger, Draft-Dodging, Vietnam War, Politics News

Republicans' private embraces are often in complete contradistinction with their own oft-trumpeted, Biblically-mandated "moral" guidelines for the rest of us.

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Bernie Madoff, Scapegoat

Michael Moore | Posted 06.01.2009 | Business

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

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Letting Texas Secede

Robbie Gennet | Posted 05.25.2009 | Politics

Read More: New Orleans, Wind Power, Supreme Court, Phil Gramm, Willie Nelson, Obama, Tibet, Arizona, Canada, Sxsw, Civil Rights, Military, New Mexico, Racism, Hurricane Katrina, Oklahoma, Constitution, Wikipedia, Energy, T. Boone Pickens, Karl Rove, Bible, California, Crime, War, Mexico, United States, Texas, Anti-Americanism, Darwin, Oil, Florida, Texas Secession, Alberto Gonzales, Unions, Politics News

Governor Rick Perry of Texas brought up the specter of Secession recently and upon polling, a fair amount of Texans and other Americans seem to think Texas seceding from the US would be a good idea.

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Endgame for Gramm?

Robert Scheer | Posted 05.15.2009 | Business

Read More: Robert Scheer, Ubs, Phil Gramm, Wendy Gramm, Treasury, Enron, Justice Department, Tax Evasion, John McCain, Business News

The "nation of whiners" comment during the campaign was a sideshow compared with the serious charges now swirling around UBS, charges that may finally prove to be Phil Gramm's undoing.

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How Congress Rushed a Bill that Helped Bring the Economy to Its Knees

Paul Blumenthal | Posted 05.11.2009 | Politics

Read More: Sunlight Foundation, Bailout, Commodity Futures Modernization Act of 2000, Economy, Economic Crisis, Read the Bill, Phil Gramm, Larry Summers, Alan Greenspan, Commodity Futures Trading Commission, Brooksley Born, Transparency, Politics News

If ever there was a case where Congress should have given more time and listened closer, this was it. Now, we're all paying for it.

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An Insider's Look At How Ayn Rand Destroyed The World

Lee Stranahan | Posted 04.13.2009 | Politics

Read More: Phil Gramm, Michelle Malkin, Rush Limbaugh, Libertarian, Ayn Rand, Ron Paul, Politics News

I know my Ayn Rand. In fact, when it comes to Rand and her philosophy of Objectivism I'll put put my Ayn Cred up against almost anyone. I attended he...

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Larry Kudlow Mulls U.S. Senate Run Despite Disastrous Record Of Economic Predictions

Mark Nickolas | Posted 04.03.2009 | Politics

Read More: Phil Gramm, Financial Meltdown, Economic Recession, 2010 Elections, Larry Kudlow, Financial Crisis, Chris Dodd, Connecticut Senate Race, Phil Gramm Nation of Whiners, Recession, Politics News

Aside from Phil Gramm, there are few other economic types that have shown to be so disconnected from the recent economic realities than Kudlow.

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Phil Gramm Takes No Blame

Jeff Madrick | Posted 03.24.2009 | Politics

Read More: Deregulation, Phil Gramm, Goldman Sachs, Citigroup, Bank of America, Lehman, Fiscal Responsibility, Politics News

Gramm's deregulationist spirit is all over this crisis.

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Time Rewrote History With "25 People to Blame for the Financial Crisis"

David Fiderer | Posted 05.19.2009 | Business

Read More: Bill Clinton, Phil Gramm, Predatory Lending, Hank Paulson, Time Magazine, Cnbc, Subprime Mortgage Crisis, Aig, Banks, Financial Crisis, Global Financial Crisis, Angelo Mozilo, Alan Greenspan, George Bush Legacy, Citigroup, Time's 25 People to Blame, Bailout Outrage, Business News

Instead of pinpointing culpability among the key players, Time deflects blame away from Republicans and falsely implicates Democrats, to create a muddleheaded "plenty-of-blame-to-go-around" narrative.

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Retro-Hooverites All

Joseph A. Palermo | Posted 02.28.2009 | Politics

The Republicans voted against their country today. Their fellow citizens needed them to act on their behalf and instead they chose to abandon them. Theirs is an ersatz patriotism.

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Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 12.26.2008 | Business

Read More: Congress, Phil Gramm, Hank Paulson, Chrysler, United Auto Workers, Senate Banking Committee, Economy, Honda, U.S. Treasury, Cars, Mercedes-Benz, Federal Reserve, $700 Billion Bailout, Vikram S. Pandit, Ford, Charles O. Prince III, Automakers, Nissan, Unemployment, Bailout, Default, George Will, Hyundai, Sen. Jon Kyl, Detroit, Big Three, Financial Crisis, Washington Post, President Bush, Detroit Bailout Reaction, Detroit Bailout, Automaker Bailout, Big Three Automakers, Toyota, Sen. Richard Shelby, Detroit Three, Gm, The Big 3, Chysler, Detroit Automakers, Robert Rubin, Wall Street, Martin Feldstein, Ben Bernanke, Wachovia, Auto Industry, Bankrupt, Citigroup, Business News

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

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Red Flags Fly High on Obama's Economic Team

Earl Ofari Hutchinson | Posted 12.25.2008 | Politics

Read More: Phil Gramm, Larry Summers, Barack Obama, Economic Crisis, Bill Clinton, Glass-Steagall Act, Presidency, Wall Street, W. Bush, Financial Meltdown, Obama Lawrence Summers, Obama Cabinet, Obama's Economic Team, Politics News

Lawrence Summers should be hailed as the go-to guy for Obama to turn to for help in sorting out some of the economic mess. But his role in helping create some of that economic mess raises a red flag.

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Change We Can Bank On

Robert Scheer | Posted 12.19.2008 | Politics

Read More: Robert Scheer, Phil Gramm, Henry Paulson, Mortgage, Fdic, Barack Obama, Economy, Lawrence Summers, Foreclosure, Timothy Geithner, Pornography of Power, Robert Rubin, Sheila Bair, Barney Frank, Treasury Secretary, Obama Cabinet, Obama's Cabinet, Alan Greenspan, Politics News

This is not change we can believe in -- not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in Obama's incoming administration.

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Where Did Subprime Mortgages Come From?

New York Times | ERIC LIPTON and STEPHEN LABATON | Posted 12.18.2008 | Business

Read More: Mortgages, Subprime Mortgages, Finance, Economy, Subprime Mortgage Crisis, Phil Gramm, Financial Crisis, Mortgage Crisis, Business News

"Some people look at subprime lending and see evil. I look at subprime lending and I see the American dream in action," he said. "My mother lived it a...

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Stiglitz on War Cost, Economic Outlook

John Tepper Marlin | Posted 12.16.2008 | Business

Read More: Joseph Stiglitz Iraq, James Galbraith, Economy, Lawrence Lindsey, Texas, Bailout, New York City, Eps, Gordon Brown, Orange County, John Kenneth Galbraith, Phil Gramm, Cost of War, Economists for Peace and Security, Tarp, Texas Observer, Business News

conomics Nobel Laureate Joseph Stiglitz spoke Friday at a fundraiser for Economists for Peace and Security (EPS), which was created to study the "full costs of war and conflict."

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New President, New CRA

Mark Winston Griffith | Posted 11.30.2008 | Business

Read More: Economy, Community Reinvestment, Community Reinvestment Act, Subprime Crisis, Phil Gramm, Wall Street Crash, Fdic, Bank Reform, Acorn, Obama Administration, Credit Crisis, Bank Loans, Barack Obama, Cra Reform, Cra, Subprime Mortgages, McCain Campaign, Financial Crisis, Business News

This nation doesn't need a weaker CRA, but a re-conceived and far stronger tool in the effort to ensure ready access to quality, non-discriminatory, financial services in all communities.

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Just How Dumb Are White Males?

Robert Scheer | Posted 11.28.2008 | Politics

Read More: Phil Gramm, Bailout, Barack Obama, Bush, Paulson, Economy, Socialist, White Men, Wall Street, John McCain, Politics News

Call me naive, but I think white males, startled by job cuts and the devastation wreaked upon their retirement savings, are finally getting the point.

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Gretchen Morgenson Takes a Scab Off Wall Street

Stephen C. Rose | Posted 11.27.2008 | Business

Read More: Phil Gramm, Barack Obama, Economy, Derivatives, Financial Crisis, Business, Accounting, Wall Street, Morgenson, John McCain, David Corn, Business News

These economic notes are consistent with the conviction that Barack should steer clear of advisers who were taken in by, or complicit in, the rape of regulation of the last decade.

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Attention GenY'ers! Talk To Your Parents! Don't Let GenJonesers Vote Against Themselves!

David Paulsen | Posted 11.26.2008 | Politics

Read More: Phil Gramm, Baby Boomers, Colin Powell, Complacency, Abortion Rights, Millennials, Obama, Barack Obama, Undecided Voters, Generation Jones, Swing Voters, Generation X, Boomers, Global Warming, Generation Y, Voting, Joneser, Genxers, Geny, Genx, Genjones, Politics News

Convince them, as the children of several former Republican Governors convinced their parents to come out for Obama, as GenJoneser Caroline Kennedy's GenY kids moved her from Hillary to Barack.

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The Battle for Obama's Economic Soul

Robert Scheer | Posted 11.22.2008 | Politics

Read More: Robert Scheer, Phil Gramm, Warren Buffett, Bailout, Barack Obama, Clinton, Truthdig, Sarah Palin, Deregulation, Socialist, Pornography of Power, Robert Rubin, Alan Greenspan, Socialists, Politics News

The battle for Barack Obama's economic soul is on in earnest, and it has nothing to do with the "European socialism" that John McCain attempted to use as an epithet against him.

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