This guy was working for UBS. The same UBS that hired Phil Gramm as their Vice Chair. This wasn't some multi-national corporation stuck with working with Phil

This guy was working for UBS. The same UBS that hired Phil Gramm as their Vice Chair. This wasn't some multi-national corporation stuck with working with Phil Gramm in order to make a killing in some scheme. UBS went out and actively sought that idiot, and gave him a position of responsibility and leadership. I have little doubt any multi-national that went out and sought Phil Gramm to lead them was also taking all this decadence to entirely new levels.