On the McCain/Gramm/UBS front (noted in yesterday evenings posts), it seems that not only is Sen. McCain’s top economics advisor, fmr Sen. Gramm, lobby and work for UBS, but according to today’s Financial Times the company is advising members of its private banking team not to step foot in the United States in order to avoid indictment.
(ed.note: In cases like this, I want to make a distinction between the particulars of the legal troubles UBS may or may not be in and the political implications for Sen. McCain. Anything tied to a big international banking concern is necessarily highly complex. And we’re digging in to try to find you more on that. But as a political matter, for McCain, having your top economics advisor be the vice chairman and (until recently) lobbyist for a company telling a class of its employees to get out of the country for fear of being indicted is simply not a good thing. As I said, we’re digging in on this story. But for the moment, I would caution readers to keep this distinction in mind.)