The perfect illustration of just how corrupt this bank bailout plan is comes from an NYT report [via Josh Marshall at TPM]that overseas banks have successfully lobbied to be included in the bailout :
….The Times further reports that two of the biggest foreign banks in need of such relief are Barclays and UBS. In fact, my understanding is that UBS is more on the line here than any other foreign bank.
Let’s add this up.
John McCain’s top economics advisor, who is widely believed to be his choice for Treasury Secretary, should he win in November, is former Sen. Phil Gramm. (Indeed, just last night his spokesman refused to say Gramm wouldn’t be McCain’s choice for Treasury Secretary.)
Gramm is both vice chairman of UBS’s US division and a lobbyist for UBS.
Good grief, how much more blatant can this be?
