LEONARD’S DIGEST

Feb 21 2009 ∞
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Phil Gramm is at the top of the list of Time’s 25 People most to Blame for the Financial Crisis

Phil Gramm’s support of reckless deregulation has led to the loss of millions of jobs and billions in taxpayer money. Thank you America for NOT voting For McCain… Thank you. Could you imagine where we would be in four years if McCain were President and Phil Gramm was Secretary of the Treasury…? God save the republic!

Lets never for get:

[Gramm] also inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives like credit-default swaps from regulation by the Commodity Futures Trading Commission. Credit-default swaps took down AIG, which has cost the U.S. $150 billion thus far.

Also check out:

MJ: Phil Gramm’s Culpability, Acknowledged

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