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Brown and Warren Battle Over Use of Wall Street Money

Monday, June 04, 2012

 

In reply to accusations that Scott Brown (R-MA) is a Wall Street favorite, Brown's campaign retorted with statements that say President Obama and Elizabeth Warren are guilty as well.

Wall Street financing has been a key debate in this year’s political races, especially as Senate hopeful Elizabeth Warren has used this as a primary part of her campaign against the Mass. Senator.

In an exclusive interview with GoLocalWorcester recently, Warren accused the Brown campaign of not showing full disclosure with financial information. “What I’d like to know is who is on Scott Brown’s finance committee,” she said. “They have failed to release that information.”

In response to this comment, Brown’s spokesperson Colin Reed released a statement saying, “Scott Brown was the tie-breaking vote in favor of the Wall Street reform bill which imposed new regulations on the financial industry."

"These desperate attacks from Professor Warren are another attempt to distract voters from the fact that she falsely claimed to be a Native American minority law professor,” Reed said.

These comments follow a demand from Warren that Brown apologize to her and her three brothers for recent remarks concerning her heritage.

Other Politicians

When asked what Warren has to say concerning President Obama’s accepting of Wall Street financing, Warren said, “I don’t think anyone doubts where the President stands. This election will be about where you stand. Scott Brown has received the award for being one of Wall Street’s favorite senators.”

“Scott Brown’s fundraising is no different than President Obama, Elizabeth Warren, John Kerry or the rest of the Massachusetts delegation, except Professor Warren hypocritically attacks Scott Brown for it,” Reed said in the Brown campaign’s statement.

Reed also cited figures from the Center for Responsive Politics that Kerry, Obama, and every member of the Mass. Congressional Delegation has taken money from financial sectors including insurance and real estate. Reed also included that Warren has been accused of taking $11,500 from The Soros Family as well as Political Action Committees.

 

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Comments:

Harvey Beehive

Elizabeth Warren is a lying phoney. I can't wait for Sen. Brown to rip her apart and expose her further....

Edward Saucier

Thanks Harvey for that extensive bit of knowledge. Let me expand on that just a tad, OK?

Liz Warren is provocative and assertive in her critique of corporate power and the well-paid lobbyists who protect it in Washington, and eloquent in her defense of an eroding middle class. Because of her fierce advocacy on behalf of consumers, Senate Republicans and the financial industry made clear they would never allow her to run the new Consumer Financial Protection Bureau that she designed.

“The fact is that while Scott Brown was killing measures that would reign in Wall Street excess and protect consumers in Congress, Elizabeth Warren was fighting for consumers and middle class families, taking on the banks and Wall Street executives to end their dangerous practices.

Yes Scott Brown was the tie-breaking vote in favor of the Dodd-Frank bill which imposed new regulations on the financial industry like his spokesman said. However he neglected to tell about what Brown took away from the bill in exchange for his vote. Which was the elimination of a proposed $19 billion tax on banks, money which would have been used for part of the regulatory overhaul. Those billions of dollars that would have been wiped out of the deficit will now have to come from the American people. He also championed a provision that curbed restrictions on certain investment activities by banks and insurance companies.

GOOGLE - Second Brown committee lures financial sector funds - Boston.com
$19 Billion Bank Fee Nixed: Will It Save Financial Reform? - The Atlantic Wire




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