1. “Deep Throat” of Watergate fame said it best. FOLLOW THE MONEY ! Some people have gotten much richer lately. Look there for what went wrong.
2. Former Senator and present lobbyist Phil Gramm , a PhD in economics, could talk about economics in simple terms and in an interesting way. If he had stayed at Texas A&M teaching Economics 101, he would have made a positive contribution to society.
3. In Congress and as a lobbyist, he used his didactic gifts to push deregulation resulting in the S&L failures in the ’80s and ’90s, ENRON (his wife was a Director), harmful oil futures trading and the subprime mortgage meltdown.
4. This is the same Phil Gramm who said Americans were a nation of whinners.