John Prescott's The MetWest Scene:
Top Culprits # 7 …Phil Gramm On Board!
Culprits of the Collapse - #7 Phil Gramm
It seemed appropriate that a politician take his place with the rogue’s gallery of Top Ten Culprits of the Collapse, so former Senator Phil Gramm
of Texas now assumes the fourth photo on the post office wall!
* courtesy MotherJones Magazine
Back to 1999 where our U.S. senator spearheaded legislation which allowed banks to comingle with investment houses and insurance companies, which expressly went against laws in existence since the Great Depression! Bill Clinton signed it, and the bill met with overwhelming approval in both the house and senate as perhaps the signature example of bipartisanship we’d seen in some time. (This being prior to 9/11.)
The following year the “Sorcerer’s Apprentice” was at it again enacting yet more legislation which succeeded in unleashing rampant greed on Wall St. as financial institutions were allowed to take unbridled risk, with no oversight or accountability, thereby laying the foundation for where we find ourselves today.
Last year as people began to see the financial retrenchment, loss of retirement savings, devaluing of real estate, and increasing job losses…Gramm’s response? STOP WHINING!!
Gramm now works for a Swiss financial institution. Whatever will happen to Switzerland’s history of neutrality when conjoined with the instigator of deregulation???
CNN’s Tom Foreman reports:
10 Most Wanted: Culprits of the Collapse
Anderson Cooper
Politicians have said ‘now is not the time to talk about blame for the financial collapse.’
Now IS the time to talk about blame. People deserve to know how we got into this mess. We’re naming names and holding The culprits of the collapse accountable. Every night we add a new name to our list… See who’s on it…
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JOHN PRESCOTT
-BostonKayakGuy
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
JOHN PRESCOTT
Vice President
Century 21 Commonwealth
508-523-9252
BostonKayakGuy…The MetWest Scene
Naming Names:Top Ten Culprits of Collapse..Politician on Board??
Naming Names: Anderson Cooper Exposes Culprits of Collapse
CNN The Buzz
Anderson Cooper 360 Blog
10. Joe Cassano, AIG 
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