Clue me.
I’ll clue you in, based on what I merely presumed was his point..
The banking bill which caused the CDO banking crisis was Gramm’s deal. I basically argued that Gramm had failed to consider its consequences. Why did he commit such a greivious failure?
Ken Lay didn’t necessarily benefit from *this* banking bill, but establishing that Gramm pulled strings for one corporate crony makes it easy to imagine that his interests in the banking bill was also corporate cronyism. It establishes a pattern.