Now we know why Phil isn't running for reelection.
Let the chips fall where they may. But let them all fall...
I agree that it may look like Gramm is retiring because of this but I don't know. Deregulation is hardly anathema to Phil Gramm's economic philosophy. As Mara Liason (of all people) said, the fact that Republicans were arguing for freer markets and less regulation, is hardly anything new. She said where the corruption would show up would be if Dems received money and then tried to argue free market principals.
Have you seen the list of lawyers Enron's execs have lined up? Bob Bennett (Clinton's defense attorney), David Boies (Al Gore's attorney) and a third one who name escapes me. Interesting times.