via hilzoy who writes:

But it just defies belief that McCain would have, as his main economic advisor and one of the people responsible for his plan to deal with the mortgage crisis, someone who was a paid lobbyist for a bank that was heavily involved in that crisis, a firm that has just advised some of its employees not to travel to the US for legal reasons, and that stands to gain or lose a lot depending on what the federal government decides to do about it. What’s next: the revelation that McCain’s policy on Iran is being written by a lobbyist for the makers of cruise missiles? Or that he has outsourced his health care policy to a lobbyist for the National Funeral Directors Association?

Hilzoy has more on Phil Gramm here: Meet McCain’s Economics Advisor.