Gramm responds

[Peter Suderman]
McCain adviser Phil Gramm apparently played a role in regulatory changes that some have argued led to current woes in subprime mortgage market. Over at the Capital Commerce blog, James Pethokoukis has a response from Gramm.

Comments

Phil Gramm, and his wife, Wendy, should be thankful, along with McCain, that they're not in Jail.

That you give us these examples, for honest consideration, along with the Pleas, from your cohort, for greater Centralization, peans to Joye of umbilical CableTV, and the FEC woes of Hilliary, as opposed to those grave issues, of the same, facing McCain, should tell us, too much, of the water you are carrying. Hydrant of Liberty, surely, y'all are not.

Posted by MEH | March 31, 2008 3:12 PM

Right, and the Ponzi structure of the "parallel banking system" had nothing to do with tearing down Glass-Steagall. Gramm and the other libertarian wackos thought the market would be self-policing and that animal spirits would not crash the system. He has been proven spectacularly wrong, but how can an ideologue ever admit error? What kind of advice do you suppose he is giving McCain?

Posted by HH | March 31, 2008 5:25 PM

Phil and Wendy Gramm--the dynamic duo--are complete, total idiots who have built their careers on this "the market's always right" crap. They are wrong about everything, just like Megan and anonymouse.

Wendy Gramm was an Enron board member, and never, ever did what a board member's supposed to do--watch out for the share holders. Instead she rubber stamped every Skilling/Lay/Fastow proposal and collected her salary. Terrible person.

Phil Gramm, as a Senator, was a staunch advocate for legislation that benefited Enron--and Enron only. How do you libertarians resolve the conflict between the politicians you love, and their use of the legislative process to reward their corporate benefactors. It's disgusting.

Phil and Wendy Gramm deserve prison--not absolution from the Atlantic Monthly.

By the way, Phil Gramm looks like a Muppet. And he's proud of the fact that he flunked first grade.

Posted by Blake | March 31, 2008 10:21 PM

They are wrong about everything, just like Megan and anonymouse.

I'm not sure if you're referring to me v1.0, or to my cousin v2.0, who seems to have settled in for the week. But if to me, I'm flattered. It's nice to know where one stands with such amazing precision.

I'm going to have to start unconditionally agreeing with your positions early and often, since under these terms, that would automatically invalidate them.

Should be fun!

Posted by anony_mouse_ | April 1, 2008 6:00 PM