McCain economic policy shaped by lobbyist

Swiss bank paid McCain co-chair to push agenda on U.S. mortgage crisis

By Jonathan Larsen, producer, with Keith Olbermann

Republican presidential candidate Sen. John McCain's national campaign general co-chair was being paid by a Swiss bank to lobby Congress about the U.S. mortgage crisis at the same time he was advising McCain about his economic policy, federal records show.  [See sidebar.]

"Countdown with Keith Olbermann" reported Tuesday night that lobbying disclosure forms, filed by the giant Swiss bank UBS, list McCain's campaign co-chair, former Texas Sen. Phil Gramm, as a lobbyist dealing specifically with legislation regarding the mortgage crisis as recently as Dec. 31, 2007.

Gramm joined the bank in 2002 and  had  registered as a lobbyist  by 2004. UBS filed paperwork deregistering Gramm on April 18 of this year. Gramm continues to serve as a UBS vice chairman.

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