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Article: Wendy Gramm.(Mercatus Center's chairman of regulatory studies)
- Article from:
- U.S. News & World Report
- Article date:
- January 26, 2004
- Author:
CopyrightCOPYRIGHT 2004 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Wendy Lee Gramm helped continue the "Reagan revolution" as a free-market regulator and chairman of the Commodity Futures Trading Commission from 1988 to 1993, so perhaps it was no surprise the wife of former Texas Sen. Phil Gramm ended up on the board of Enron in 1993. But that post brought her a hefty dose of notoriety when the Enron debacle unfolded in late 2001. As a member of the company's audit and compliance committee, she helped approve financial statements and acted as the liaison to auditors Arthur Andersen. Enron subsequently collapsed, Arthur Andersen folded, and Gramm left the board.
So where is Gramm now? Ironically, she is in the center of the ...