Monday, June 02, 2008

McCain economic policy shaped by lobbyist - representing Swiss bank UBS in mortgage crisis

McCain economic policy shaped by lobbyist - Countdown with Keith Olbermann- msnbc.comBy Jonathan Larsen, producer,
with Keith Olbermann | MSNBC | May. 27, 2008

Swiss bank paid McCain co-chair to push agenda on U.S. mortgage crisis

Republican presidential candidate Sen. John McCain’s national campaign general co-chair was being paid by a Swiss bank to lobby Congress about the U.S. mortgage crisis at the same time he was advising McCain about his economic policy, federal records show. [See sidebar.]

“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. ,,,

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