Why did Phil Gramm(McCains chief economic adviser) slip the Enron loophole into the 2000 energy bill??

Question

Phil Gramm was lobbied by Ken Lay former ceo of Enron to place this amendment not allowing oversight of energy speculators.

Answer 1

So he and his wife could get rich when they left their government posts.  She got a seat on the board and a million dollars. He got a VP spot at a multinational bank.

Answer 2

So that oil prices could be artificially inflated by the action of a limited few.

Let's face, crooks have been running our government for their own personal profit, and this occurs on both sides of the aisle.

Answer 3

Mole Works

Answer 4

I don't know, why did he? I highly doubt it was some conspiracy to rip off the public. Obama himself (not some advisor) funneling $14M in tax payer dollars to his real estate pal and personal friend Tony Rezko wasn't some big conspiracy to rip off the tax payers, was it?

Can't have one without the other my friend.

Answer 5

I am not sure why he did it, but it is a typical example of what will happen if McCain becomes President.  

Answer 6

Stop whining so much.  

Answer 7

Its exactly what the Republican Party wants...no oversight on any companies...so that they can continue to take advantage of the average citizen/worker in order to make record profits.  Its the Republican Party's core belief to s***w the middle-class, hard-working American for financial gain.  Its always been their platform and it amazes me that any true, red-blooded hard-working American would actually vote for people in that party.

Answer 8

Cash Rules Everything Around Me. Get the money. Dolla dolla bill yall.

In other words, for the MONEY