Friday, May 30, 2008

Introducing ... Treasury Secretary Phil Gramm?

David Corn has the goods on Phil Gramm's role in facilitating Wall Street's woes in Mother Jones. As David Kurtz notes at Talking Points Memo, it's a must-read. And it requires me to clarify a slight misstatement I made in my own post on Gramm yesterday. I wrote that Gramm "spearheaded legislation deregulating energy futures trading (which facilitated Enron's misdeeds)." Actually, this was a Gramm family affair. In 1992, Wendy Gramm, then chairwoman of the Commodity Futures Trading Commission