Texas Observer Takes Down Phill Gramm

It's a very good article, which places Gramm foursquare at the center of every major financial meltdown of the past decade.

My favorite quote:

Says Greenberger, “I am quite confident Phil Gramm didn’t understand what his legislation did. It was written by the banks and hedge funds.”

Note that Gramm was originally an economics professor.

It's a good, and frightening, read on McCain's economics guru.