Citizens of The Corporate State

Check out the board members of UBS, Barry. You’ll get your answer there. It seems that there is a group of people who are recycled all over the place. So Phil Gramm is just one of these corporate insiders, or a member of the corporate state, if you want.

We have on this board, among others:

• Helmut Panke, Microsoft
  formerly BMW
• Michel Demare, ABB
  formerly Baxter Europe
• William G. Parrett (Blackstone Group, Eastman Kodak)
• Sally Bott (BP)
  formerly Citi, Barcleys, Marsh & McLennan
• David H. Sidwell (Fannie Mae)
  formerly JP Morgan, Morgan Stanley

So, once a member of that state, always a member of that state. They take care of their own.
But you know that Barry, do you.