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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (15368)	10/9/2002 10:16:28 AM
From: TigerPaw	Respond to of 93284

Gramm Scamm! the investment banking arm of UBS AG acquired a major piece of Enron earlier this year after the Houston-based energy giant fell apart chron.com This spring, he almost singlehandedly killed an Enron-related amendment drafted by Sen. Dianne Feinstein, D-Calif. The provision would have prevented energy traders -- such as Enron's online business, now owned by UBS -- from masking profits. Feinstein's amendment to the Senate energy bill would have required energy traders to reveal wholesale prices. The idea was to prevent the conditions that led to huge spikes in the cost of electricity during California's energy crisis last year. Gramm also pushed a bankruptcy reform bill that would prevent hundreds of thousands of consumers from writing off credit card debt, and other unsecured loans, in bankruptcy court. That bill is tied up in the House. And in 1999, Congress passed the Gramm-Leach-Bliley Financial Services Modernization Act, allowing financial houses to provide banking, brokerage and insurance services -- a practice Congress had previously banned because of the potential for conflicts of interest. TP