McCain Touts His Economic Policy In New 3AM Ad.
Here is his own 3am ad: Pretty interesting coming from a man who’s top economic adviser is considered one of the key culprits in the entire subprime mess. Speaking of Phil Gramm, let’s look at his employer: The spiraling crisis in the credit and housing markets has kept Gramm in focus, fairly or not. His […]
Here is his own 3am ad:
Pretty interesting coming from a man who’s top economic adviser is considered one of the key culprits in the entire subprime mess.
Speaking of Phil Gramm, let’s look at his employer:
The spiraling crisis in the credit and housing markets has kept Gramm in focus, fairly or not. His employer, UBS, revealed yesterday that investment losses tied to the U.S. housing market reached $37 billion over the last six months. For the last three months, UBS posted a $12 billion loss.
Gramm, UBS’s vice chairman, said yesterday he was “totally unaware” of his bank’s massive holdings of securities tied to subprime mortgages, but, he added, “I’m confident we’ll recover.”
So Gramm was “unaware” of where a majority of the income was generated from, for a company he helped run? For some reason I just can’t buy that. Gramm is just like McCain – nothing more than a liar. They will both destroy our economy even more.
