Total contributions from Wall Street, as of today:
Obama: $15 million McCain: $10.2 million
Pot meets kettle. And Phil Gramm played a major part in crafting McCain's financial policy, while working as a lobbiest for Swiss banking giant UBS.
Remember Gramm? He led the charge for deregulation of the financial sector some years ago and is arguably one of those most responsible for this horrid mess. Among other things, Gramm co-sponsored the Gramm-Leach-Bliley Financial Services Modernization Act, which partially repealed Glass-Steagall, one of the safeguards put in place after the Great Depression.
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Date: 2008-09-17 04:37 pm (UTC)Obama: $15 million
McCain: $10.2 million
Pot meets kettle. And Phil Gramm played a major part in crafting McCain's financial policy, while working as a lobbiest for Swiss banking giant UBS.
Remember Gramm? He led the charge for deregulation of the financial sector some years ago and is arguably one of those most responsible for this horrid mess. Among other things, Gramm co-sponsored the Gramm-Leach-Bliley Financial Services Modernization Act, which partially repealed Glass-Steagall, one of the safeguards put in place after the Great Depression.