McCain Campaign Lobbying For Foreign Bank – UBS
If we had a real press in this country, McCain would be losing by 30 points. Get a load of this shit from Josh Marshall at TPM…
John McCain’s top economics advisor, who is widely believed to be his choice for Treasury Secretary, should he win in November, is former Sen. Phil Gramm. As late as last night McCain’s spokesman refused to say Gramm wouldn’t be McCain’s choice for Treasury Secretary.
Gramm is both vice chairman of UBS’s US division and a lobbyist for UBS.
UBS successfully lobbied over the weekend to get in on the big bailout
The New York Times reports this evening that “foreign banks, which were initially excluded from the [Wall Street bailout] plan, lobbied successfully over the weekend to be able to sell the toxic American mortgage debt owned by their American units to the Treasury, getting the same treatment as United States banks.”
The Times further reports that two of the biggest foreign banks in need of such relief are Barclays and UBS.
Tags: Delaware, John McCain
Paulson now wants to expand the types of bad debt they can acquire:
The change suggests the inclusion of instruments such as car and student loans, credit-card debt and any other troubled asset. That may force an eventual increase in the size of the package as Democrats and Republicans in Congress negotiate the final legislation with the Bush administration, analysts said.
GOOD ARTICLE ON DONNA (PLAYGIRL) STONE, JASON, I WAS SURPRISED THAT THE DELAWARE STATE FISH WRAP WOULD PRINT ANY THING ON ONE OF THEIR OWN, KEEP UP THE PRESSURE JASON!!!
One more thing — none of the banks on that list should get any contracts to manage or assist with these auctions or with the unwinding or subsequent liquidation of these assets. That will leave the day to day work of the fix to smaller, regional banks who stuck to their knitting (Wilmington Trust).
Just a little rewrite fun, to demonstrate what the Republicans are actually proposing. Is there any doubt that, if this thing passes, they will go to ANY length to keep the White House?
Rewrite fun? That reads more like the truth.