2016 Postmortem
Related: About this forumPhil Gramm united Democrats and Republicans @ UBS Wealth Management
Thanks to Phil, who once was a conservative Texas Democrat before switching over to the then-better grea$ed Republicans, these two former Presidents have found kinship and jobs in Wealth Management at UBS.
Before their days at UBS, they worked in Washington on opposite sides of the aisle. But ol' Uncle Phil Gramm helped them find a shared passion for financial deregulation.
In the early 90's, Sen. Phil shepherded the Gramm-Leach-Bliley Act through Congress. Miraculously, he found philosophical kinship with President Bill Clinton, who signed the law that repealed the pesky New Deal protections that had kept Wall Street from using the taxpayers as unwilling $16 trillion co-signers for their big "losses" at the big Wall Street casino.
About UBS Wealth Management
It's a Buy-Partisan Who's Who:
President William J. Clinton
President George W. Bush Heh heh heh.
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool
SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html
And THAT spirit of Buy Partisanship is why the rich are getting superricher and the rest of us have to settle for Austerity.
Octafish
(55,745 posts)by Rupert Neate
The Guardian, April 25, 2016
There arent many things upon which Hillary Clinton and Donald Trump agree, especially as they court very different Delaware voters ahead of a primary on Tuesday. But the candidates for president share an affinity for the same nondescript two-storey office building in Wilmington. A building that has become famous for helping tens of thousands of companies avoid hundreds of millions of dollars in tax through the so-called Delaware loophole.
The receptionist at 1209 North Orange Street isnt surprised that a journalist has turned up unannounced on a sunny weekday afternoon.
You know I cant speak to you, she says. A yellow post-it note on her computer screen reads MEDIA: Chuck Miller with the phone number of the companys director of corporate communications. Miller cant answer many questions either, except to say that the company does not advise clients on their tax affairs.
SNIP...
Both the leading candidates for president Hillary Clinton and Donald Trump have companies registered at 1209 North Orange, and have refused to explain why.
Clinton, who has repeatedly promised that as president she will crack down on outrageous tax havens and loopholes that super-rich people across the world are exploiting in Panama and elsewhere, collected more than $16m in public speaking fees and book royalties in 2014 through the doors of 1209, according to the Clintons tax return.
CONTINUED...
https://www.theguardian.com/business/2016/apr/25/delaware-tax-loophole-1209-north-orange-trump-clinton