Can’t Make This Stuff Up

For months, John McCain has been bragging on the fact that he’s got fmr. Sen. Phil Gramm as his key economics advisor. That’s scary enough as it is, if you’re familiar with Gramm’s policy predilections and legislative history. But now it turns out that Gramm, who advised McCain on his mortgage relief policy and speech, was also a registered lobbyist for the Swiss bank UBS, which is obviously heavily concerned with the mortgage crisis. According to MSNBC, which has just broken the story, UBS only deregistered Gramm on April 18th of this year, which I’m pretty certain was after McCain rolled out the policy that Gramm had a hand in crafting.