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Non-Tech : Traditional brokers/SEC conspiracy

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To: Wiselight who wrote (31)	9/27/1999 3:50:00 PM
From: nick nelson	of 104

Phil Gramm on Bloomberg It would appear that Gramm is more an impediment to "free and equitable" markets than Mr. Levitt. Switch-hitter Gramm is OPPOSED to independent oversight of the NYSE - he wants "business-as-usual" - self-regulation. The fundamental manipulation of the markets and the exploitation of individual investors is originating and being perpetuated in Republican Phil Gramm's Senate Banking Committee. <<Phil Gramm first won election to the House of Representatives as a Democrat, but when the Democratic leadership stripped him of his House Budget Committee seat in retaliation for co-authoring the Reagan economic program, he became the only member of Congress in the twentieth century to resign from Congress and to seek re-election as a member of another political party. He won re-election in a special election held on Lincoln's Birthday and became the first Republican elected in the 100-year history of his district.>> What a joke!

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