Why Not Phil Gramm?

http://www.futureofcapitalism.com/2010/03/why-not-phil-gramm

"Why not appointees like Phil Gramm?" is the sub-headline on the Wall Street Journal's editorial today about President Obama's deficit commission. The editorial suggests that the Senate Republican leader, Mitch McConnell, should "name the likes of former Texas Senator Phil Gramm as one of his three appointees." It's not entirely clear whether the Journal actually wants Mr. Gramm on the commission or just the "likes of" him. But if Mr. Gramm were named, maybe he could help reduce the deficit in his current role as vice chairman of UBS by doing something about all those 4,450 UBS accounts that the Swiss government doesn't want to disclose to the Internal Revenue Service. If the Journal wants to turn the deficit commission into a win for the Republicans, maybe it could find a better commissioner to suggest than a senator-turned-Swiss banker, or the likes of him?

by Editor  |  Mar 9, 2010 at 9:12 am Related Topics:  Banking, Capital Markets Regulation, Europe, Politics, President Obama, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list