You remember Phil Gramm? "Foreclosure-Phil", the former Chair of the Senate Banking Committee and long time congressman and senator turned UBS lobbyist? (UBS, United Bank of Switzerland = foreign bank) What an act this guy has!

You remember this guy, the same Phil Gramm who's wife was on the board of directors for ENRON, the same Phil Gramm that accused all Americans of being "whiners" while acting as the co-chair and senior financial adviser to John McCain's presidential campaign.

That's right, Enron, that stalwart blue chip company. I know - the name rings a bell. Harken back to the 1990's and first part of the 2000's. Energy company stocks are deregulated and are allowed to be individually traded on the futures market. Energy providers are privatized causing widespread blackouts and brownouts in California and increasing the cost of electricity by 300%.

You remember Enron, the one that Phil Gramm's wife Wendy, who five weeks after leaving the post of Chair of the Commodity Futures Trading Commission, where after she pushed through a key regulatory exemption on Jan. 14, 1993, joined the board of directors, and where she served on the board’s audit committee and had access to key financial information about the company. The same Enron who's 21,000 person working population lost all of their retirement savings because of fraudulent accounting practices and outright deceit by the board, while the directors took those golden parachutes and made money on insider trading of the stock before it plummeted.

The same Enron who's SEC filings were conveniently stored, and subsequently destroyed, in the SEC offices in World Trade Center Bldg 7, the third building to collapse on 9/11, and the only one of the three that was never even struck by an airplane. (Don't get me started)

Well, to facilitate all of this, in 1999, the namesake of the Gramm-Leach-Bliley Act, "Foreclosure Phil", championed a bill that removed the protections of the Glass-Steagall Act of 1933, which protected this country from the vipers of speculative banking for over 65 years. Once oversight of mixed equities was squashed by paid lobbyists, the Investment Banks and the Commercial Banks embarked upon their greedy strategy of chasing profits in, among other things, mortgage backed securities. And this is just the tip of the Phil Gramm act.

This is recounted in so many places now it hardly warrants retelling, but my question is:

How do we get this guy in front of a panel of jurists/taxpayers who have lost their homes and their life savings in order to put him and his wife behind bars for the rest of their lives while forfeiting their entire collective fortune to help pay off the recently funded $850,000,000,000.00 (man - thats a lot of zero's) bailout of Wall Street?

Any suggestions on how to make Foreclosure-Phil's Enron-core (encore), his final act play out in a federal "pound him in the axx" prison?

If we can catch this "Phil" fish and land him, then I'd suggest going Paulson fishing next. Then we can march on with the 8 steps to take back America that I outlined in my Letter to the Mainstream Media.

Read more here:
http://www.apfn.org/enron/gramm.htm
http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html

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