Assets and Liabilities
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Phil Gramm is a longtime friend and confidant who helped rescue McCain's campaign last summer when it was bankrupt and left for dead. Now vice chairman of UBS, Gramm was a staunch advocate of deregulation during 17 years as a senator from Texas. He and his wife, Wendy, a member of the Enron board of directors, became ensnared in the Enron scandal when Gramm got energy commodity trading -- an Enron specialty -- exempted from federal regulation and many disclosure rules.
Carly Fiorina met McCain in 2000 when she was chief executive of Hewlett-Packard and in Washington lobbying for the continued tax-exempt status of Internet sales. They were reintroduced 18 months ago, and at McCain's insistence, she was installed last month at the Republican National Committee, both as a fundraiser and as an advocate for McCain's economic policies.



