That creep is largely responsible for the financial crisis.
Guardian UK 1/26/09Twenty-five people at the heart of the meltdown ...(snip)
Senator Phil Gramm
Phil Gramm
Former US senator from Texas, free market advocate with a PhD in economics who fought long and hard for financial deregulation. His work, encouraged by Clinton's administration, allowed the explosive growth of derivatives, including credit swaps.
In 2001, he told a Senate debate: "Some people look at sub-prime lending and see evil. I look at sub-prime lending and I see the American dream in action."
According to the New York Times, federal records show that from 1989 to 2002 he was the top recipient of campaign contributions from commercial banks and in the top five for donations from Wall Street. At an April 2000 Senate hearing after a visit to New York, he said: "When I am on Wall Street and I realise that that's the very nerve centre of American capitalism and I realise what capitalism has done for the working people of America, to me that's a holy place."
He eventually left Capitol Hill to work for UBS as an investment banker.
But I hear ya. Some of those calls are being made on political grounds. The conservatives want Cesar Chavez and Thurgood Marshall booted too.
Dallas Morning News 7/09/09Conservatives seek to shift focus of state social studies lessonsAUSTIN – Civil rights leaders César Chávez and Thurgood Marshall – whose names appear on schools, libraries, streets and parks across the U.S. – are given too much attention in Texas social studies classes, conservatives advising the state on curriculum standards say.
"To have César Chávez listed next to Ben Franklin" – as in the current standards – "is ludicrous," wrote evangelical minister Peter Marshall, one of six experts advising the state as it develops new curriculum standards for social studies classes and textbooks. David Barton, president of Aledo-based WallBuilders, said in his review that Chávez, a Hispanic labor leader, "lacks the stature, impact and overall contributions of so many others."
Marshall also questioned whether Thurgood Marshall, who argued the landmark case that resulted in school desegregation and was the first black U.S. Supreme Court justice, should be presented to Texas students as an important historical figure. He wrote that the late justice is "not a strong enough example" of such a figure.
:crazy:
Sonia