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Washington
Inside Washington (08/18/2008)
* WASHINGTON (8/19/08)--Phil Gramm and Thomas Bliley of the Gramm-Leach-Bliley Act, or the Financial Modernization Act of 1999, will back Sen. John McCain (R-Ariz.) for president. Jim Leach said he will support Barack Obama (D-Ill.). The three former legislators are Republicans (American Banker Aug. 18). Leach, a former chair of the House Banking Committee, helped launch the Republicans for Obama group. Gramm worked as a top adviser for McCain’s campaign until he stepped down, saying the nation’s economic problems were overblown. Gramm was seen in Aspen, Colo., at a McCain event last week, according to ABC News. The Gramm-Leach-Bliley Act protects consumers’ personal financial information held by financial institutions ...


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