It is very politically difficult for everyone in Washington to admit they were duped by the Central Bankers and Wallsteet.
Research Gramm-Leach and let me know what you think.
GRAMM, William Philip (Phil), a Representative and a Senator from Texas; born in Fort Benning, Muscogee County, Ga., July 8, 1942; attended the Muscogee County public schools; graduated, Georgia Military Academy, Atlanta 1961; graduated, University of Georgia, Athens 1964; received a doctorate, University of Georgia 1967
His PhD was in economics. Somehow I think Georgia wants it back.
As of 2009, Gramm is employed by UBS AG as a Vice Chairman of the Investment Bank division. UBS.com states that a Vice Chairman of a UBS division is "...appointed to support the business in their relationships with key clients."[30] He joined UBS in 2002 immediately after retiring from the Senate.[31]