[lormand]

"we as a nation are screwed beyond belief. Gramm will be the ruin of our economy."

This is not the first time I have read this quote from you regarding Phil Gramm.

Please explain how a Phil Gramm economy would ruin our economy?

[Bloody Sam Roberts]

I lack a crystal ball to answer your question properly.

However, for insight into Mr. Gramm's past actions that would qualify him as worthy of my scorn, one need only to look at the current mortgage crisis. It has Phil Gramm's fingerprints all over it.

Granted, the greed of those in the banking industry had much to do with it. But that does not alter the fact that eight years ago, as part of his anti-regulatory crusade, Gramm pulled a legislative maneuver that greased the way to the multibillion-dollar subprime meltdown.
Read about the Commodity Futures Modernization Act.