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Phil Gramm & The Refinance Mess

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Uploaded by on Jun 13, 2008

http://refinancemortgagenow.net/blog/?p=1094 Who's to blame for the biggest financial catastrophe of our time? Now a well-paid executive at a Swiss bank, Gramm cochairs Sen. John McCain's presidential campaign and advises the Republican candidate on economic matters. Talk about a market failure.

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  • Complicated to the max. We do know that the Talk Radioes tried to blame Barney Frank for the Fannie Mae + Freddie Mac problems. In truth, Phil Gramm was involved long before Barney was. A raid of Phils' homes would probably find at least $1,000,000,000 in cash monies to which Phil was not entitled.

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