Word: gramm
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...have sort of become a nation of whiners.' PHIL GRAMM, economic adviser to John McCain, describing the country's "mental recession...
Relaxed. There were some people who were sad, but there was kind of a party-like atmosphere. Phil Gramm says, 'You know what's interesting about McCain is that he has no malice.' He really doesn't. He will get mad at people in certain situations. But you know, he's served the people of this country for fifty years, he's not going to gainsay the results. He fought as hard as he could...
Carrying the united Republican banner is Pete Olson, a Navy veteran, native of Houston and former chief of staff to former Texas Senator Phil Gramm and current Texas Senator John Cornyn. Republican heavyweights including President George W. Bush, Gov. Mitt Romney and popular conservative Louisiana Gov. Bobby Jindal have stood shoulder to shoulder with Olson at campaign appearances and fundraisers as he rails against Lampson as a closet liberal out of step with the district's conservative voters. Meanwhile, the Democrats have poured money into Lampson re-election efforts-the latest numbers from the Federal Election Commission showed him with...
...didn't have commercial banks ready to step in, you'd have a vastly bigger crisis today," says Jim Leach, a Republican former Congressman from Iowa (and current Barack Obama supporter) whose name is on the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Leach is no neutral observer, and there can be no proving that Glass-Steagall repeal has made the world safer. But amid the predictable debate now underway about how much new financial regulation is needed, it just doesn't make a very convincing scapegoat for the crisis...
...keeping banks healthy, not by shoving them back into their New Deal box but by reasserting their central role in the financial system. Glass-Steagall repeal can best be understood as part of this effort. So was 1994 legislation allowing interstate branching. This was a bipartisan movement: The Gramm-Leach-Bliley legislation passed the Senate 90-8 (Joe Biden was for it; John McCain didn't vote, but had supported the bill in an earlier roll call...