Blue Ribbon Panel

Do you think that Phil Gramm will be on John McCain's blue ribbon panel on the economy? I bet he is dying to tell us that the bail outs of the last couple days are psychosomatic. Thanks to Phil Gramm, we have fallen victim to the 21st century Ponzi scheme that involves Collateralized Debt Obligation "Securities" and the insurance policies written against the Securities. We now get to pay and someone else got very wealthy while helping to weaken our current system. Johnny Mac now wants to regulate Wall Street and Banking. This regulation will come after the blue ribbon commission tells us what went wrong.

We know what went wrong and it would be a travesty if we compounded this by actually allowing the blue ribbon commission to come into being.