(CNN breaking)
No, I don’t know if it’s Phil or Wendy, and I have no other details. I can’t find it at the CNN site. But it was on the CNN ticker.
CNN has disappeared the story. As Phoenix Woman points out in comments, not so MSNBC.
“Countdown with Keith Olbermann” reported Tuesday night that lobbying disclosure forms, filed by the giant Swiss bank UBS, list McCain’s campaign co-chair, former Texas Sen. Phil Gramm, as a lobbyist dealing specifically with legislation regarding the mortgage crisis as recently as Dec. 31, 2007.
Gramm joined the bank in 2002 and had registered as a lobbyist by 2004. UBS filed paperwork deregistering Gramm on April 18 of this year. Gramm continues to serve as a UBS vice chairman…
The final UBS form listing Gramm’s work as a lobbyist says he was lobbying the Senate in the second half of 2007 regarding the Helping Families Save Their Homes in Bankruptcy Act. The bill would have let bankruptcy judges rewrite mortgage terms for Americans facing foreclosure so they could repay their loans and keep their homes.
The banking industry opposed this measure. The bill failed.






