Thanks, In Part, to McCain's Phil Graham Feds "Have To" Bail Out A.I.G. Because It’s Too Big. Why Keep All Our AIGs In A Few Baskets?

Why do we let them get too big without regulating them? In part because of John McCain's adviser Phil Graham. "Who's to blame for the biggest financial catastrophe of our time? . . . one candidate for lead perp is former Sen. Phil Gramm. Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown. Yet has Gramm been banished from the corridors of power? Reviled as the villain who bankrupted Middle America? Hardly. Now a well-paid executive at a Swiss bank, Gramm cochairs Sen. John McCain's presidential campaign and advises the Republican candidate on economic matters. He's been mentioned as a possible Treasury secretary should McCain win. That's right: A guy who helped screw up the global financial system could end up in charge of US economic policy. Talk about a market failure." Foreclosure Phil by David Corn in Mother Jones.
When people complain, Phil calls them whiners. McCain, who has no clue other than what Graham tells him, says that that "the economy is fundamentally sound." McCain was against the taxpayer bailout (yesterday) before he was for it (today). See, McCain says government 'forced' to bail out AIG By GLEN JOHNSON See, Also, McCain: The Most Reprehensible of the Keating Five The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate By Tom Fitzpatrick