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Thursday, September 18, 2008 12:00 AM

McCain: How not to explain a meltdown

In a speech on "financial reform," the candidate points the finger at the wrong target.

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  • Thursday, September 18, 2008 02:04 PM

    Question for Andrew Leonard

    I would like to know more about the specific stories of how Phil Gramm passed some of his de-regulating legislation.

    I've read that one of Gramm's gems was at the last minute tucked into some massive budget bill that "had to be passed" because time was running out. I assume there's a distinct possibility that some of these de-regulations were a surprise -- particularly to the people who had the responsibility of knowing what was going on.

    You hear so often about these corrupt and clandestine legislative shennanigans of this type. It all makes me think the legislative process (and yes, oversight and regulation of that process) needs a serious tuneup. These jerks are clearly out of control, and the public needs a clear, simple and direct legal path by which we can send some of these folks to prison so they can gain their self-respect back by being examples of what can happen to the people who replace them.

    Any knowledge of Gramm's legislative "stylings," Andrew?

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