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> In his last years in the Senate, Gramm succeeded in blocking legislation that, in the words of The New York Times, would have made it easier “to crack down on offshore tax havens” and “would have expanded rules that require banks to find out more about individuals and foreign jurisdictions they are dealing with.” The Times noted, “The legislation won bipartisan support but was blocked by Senator Gramm of Texas, a foe of government regulation.”
> Gramm subsequently took up a senior position at UBS, stating: “It will provide me with an opportunity to practice what I’ve always preached..… I have a strange combination of experiences that a lot of people don’t have .… knowledge of economics, a knowledge of government policy.” Given that knowledge, it is reasonable to ask just how Gramm could have been unaware of the extensive efforts of his new employer, UBS, to thwart the American tax authorities.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Rank of Italy, Argentina, and Libya in annual per capita pasta consumption:
A barn owl in Wiltshire failed to deliver two wedding rings and instead fell asleep in church.
In the United States, legislation to repeal the Affordable Care Act was advanced by the House Ways and Means Committee after 18 hours of deliberation, during which time the Republican members of Congress passed around candy.
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"It is an interesting and somewhat macabre parlor game to play at a large gathering of one’s acquaintances: to speculate who in a showdown would go Nazi. By now, I think I know. I have gone through the experience many times—in Germany, in Austria, and in France. I have come to know the types: the born Nazis, the Nazis whom democracy itself has created, the certain-to-be fellow-travelers. And I also know those who never, under any conceivable circumstances, would become Nazis."