Last night, Sixty Minutes ran a story about the CFMA and how it essentially allowed gambling on stocks, commodities, real estate loans, etc. This is one of the prime reasons the economy failed.
If you look up Commodity Futures Modernization Act on Wikipedia, you'll find one of John McCain's financial advisors is former senator Phil Graham.
The House and Senate bills were included in an omnibus spending bill without any debate and I suspect many members didn't realize it had happened.
My question is: Can McCain fix the economy with advisors like that?
60 minutes:
http://www.cbsnews.com/sections/60minutes/main3415.shtml
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