Thursday, April 27, 2006

Ronald Reagan's favourite economist - Wendy Lee Gramm

<a href="">Wendy Lee Gramm - Wikipedia, the free encyclopedia: "In her role at the Mercatus Center, Wendy Gramm generally calls for deregulation of the energy industry.

Previously, Wendy Gramm held several positions in the Reagan Administration, including heading the Commodity Futures Trading Commission. After a heavy lobbying campaign from Enron the CFTC exempted it from regulation in trading of energy derivatives. Gramm headed the commission from 1988 to 1993 following which she resigned and took a seat on the Enron Board of Directors where she was paid 1.85 million dollars. Enron used this lack of federal oversight to engage in its widely publicized accounting scandal. While on the board of directors she received donations from Enron to support the Mercatus Center."

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