Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of a continuing investigation into tax evasion, a person briefed on the matter said Thursday.Normally I hate unnamed sources, but in some cases ya gotta do what ya gotta do.
But I digress. Whatever happened to former Sen. Phil "Nation of Whiners" Gramm, last I heard still a VP at UBS, and his lovely wife Wendy, she still reeking of the Enron mess?
Apparently alive and well and still gainfully employed. From some financial guy:
Gramm’s position at UBS is “vice chairman” — dubbed “the greatest job in business” for its combination of high status and low work rate. It is a do nothing patronage role that is reward for all the Wall Street friendly legislation Gramm has sponsored. At least, they used to be considered Wall Street friendly, prior to their leading to the Street imploding.
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