John McCain and the housing crisis

One of the best articles to show your friends about John McCain is about how his economic policy was shaped by lobbyist Phil Gramm:

Republican presidential candidate Sen. John McCain’s national campaign general co-chair was being paid by a Swiss bank to lobby Congress about the U.S. mortgage crisis at the same time he was advising McCain about his economic policy, federal records show.

I guess McCain has to ask someone for help, since he admitted "I never really understood economics,"  but Gramm was reponsible for helping to kill the 2007 "Helping Families Save Their Homes in Bankruptcy Act."

The Swiss bank is UBS.  If you don't know about it, Public Radio reports:

Swiss banking giant UBS is dealing with its own drama. Already reeling from multibillion-dollar subprime losses, the bank is now embroiled in a tax evasion scandal in the U.S. The bank has reportedly told some of its staff not to travel to the states for fear of being arrested by U.S. authorities.

Subprime mortgage peddlers. Tax evaders. Fugitives. This is who John McCain trusts to advise him on the economy.  

By the way, Barack Obama does not accept money from lobbyists.