Beyond the rhetoric, disturbing news emerging over the weekend about substance of McCain‘s approach to foreign policy and whether it might actually benefit those who wish harm to us and to Israel. At the heart of it, McCain‘s top economic adviser, former Texas Senator Phil Gramm. As we revealed here on COUNTDOWN last week, Gramm on the payroll of the giant Swiss bank UBS, helping to defeat US legislation that would give relief to Americans facing foreclosure and at the same time writing McCain‘s economic policies.[more]
Now, “Newsweek Magazine” reporting that Gramm‘s bank is under investigation for alleged use of overseas tax havens to hide assets of the wealthy from U.S. authorities. On September 20th, 2001, the “New York Times” reported that a single senator had blocked legislation that would have helped the U.S. investigators track Osama bin Laden‘s financial network before 9/11. It was Phil Gramm, who still defended these tax havens after 9/11, whose bank was still lobbying Congress on behalf of tax havens as recently as last year, including lobbying done by this man, UBS senior lobbyist John Savercool, formerly a legislative assistant to Senator Phil Gramm.