As you may be able to bubble to the surface of really bad ideas we’ve talked about, there’s Phil Gramm.
I think I expressed what may border on total down dirty hard dogged disbelief when Romney was taking economic advice from Phil Gramm. Phill Gramm is famous for making a small fortune for people, if they started with a large fortune.
Phil Gramm: already in the handbasket
Phil Gramm couldn’t hammer a nail into a snowbank of economics with a sledgehammer. I would rather test bulletproof vests than let Phil Gramm touch my money. And as long as you have a biscuit you can bet he’ll get half of it. And those are his good points.
So the man Romney would trust with the economy just got about 75% of his UBS friends indicted and the police are so interested in him that his butt is hanging low. He’s crooked as a snake in a cactus patch.
And now comes this ….
GENEVA (AP) — Swiss banking giant UBS plans to cut as many as 10,000 employees, or some 16% of its staff, to drastically shrink its ailing investment bank.
News of the layoffs came as Switzerland’s biggest bank posted another big loss for the third quarter. It said Tuesday that the job cuts are part of a strategy to shore up profits.
But investors are thrilled because now their profits will go up.
There is a real special place in hell for him.
Thanks to Sam in Kyle for the heads up.