Gone To Ground
Anyone seen Phil Gramm recently?
posted by The Cunning Realist at Monday, October 20, 2008
AN OASIS IN A WORLD OF HACKS, HUSTLERS, AND HIRED SPIN
posted by The Cunning Realist at Monday, October 20, 2008
11 Comments:
Not a bad time to keep a low profile for good ole Phil
http://www.cjr.org/the_audit/post_140.php
He's with Carly Fiorina also MIA
I think Cheney lent him the keys to his bunker.
He's in Yurp, isn't he?
Still at UBS as far as I've heard.
We'll see Phil on Groundhog Day.
Just wondering...everyone worried about socialism should keep in mind that the two riches countries (Russia and USSR) are socialist-based.
Just a thought.
Why did we see him in the first place? Having him in the front row of the McCain campaign was head protector, drool cup grade stupid.
He's a fool and as they say, even his friends don't like him. Sort of like Lieberman, without the charm.
If McCain wins how will he be able to staff his administration? Nobody likes him either you know. To fill the White House staff they will probably have to move half of K Street into the West Wing.
You missed the big Phil Gramm story last week.
Phil pulled off the biggest coup of this crisis.
The Swiss had two big banks with more distressed debt than the GDP of the country. The EU countries wanted nothing to do with bailing out the Swiss, so they were looking at either a Sovereign Fund or IMF to bailout that would essentially take control of these failed banks.
Last week the US Fed did a dollar injection into the Swiss Central Bank. The Swiss used the funds to buy all the toxic assets of UBS.
So now the US taxpayers have bailed out Phil's bank and the taxpayers have no say in how UBS is run going forward.
Phil is worth every penny that UBS pays him.
OG
This guy is my hero
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVUE96d.HKyw&refer=home
``I was in this game for money,'' Lahde, 37, wrote in a two-page letter today in which he said he had come to hate the hedge-fund business. ``The low-hanging fruit, i.e. idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government.
``All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other sides of my trades. God Bless America.''
good riddance !!!
"UBS's Offshore Shell Game"
"News: Wondering where all those CEO bonuses went in the current economic meltdown? Here's how bankers hid their cash and cheated the IRS.
The investment firm where former McCain adviser and ex-Sen. Phil Gramm serves as a vice chairman is taking heat for helping affluent Americans cheat the US Treasury out of some $2 billion—but the world might never have known had Bradley Birkenfeld not sung like a canary."
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