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Warren Calls On Brown to Send Banking SuperPAC Packing

Monday, August 27, 2012


Democratic candidate Elizabeth Warren sent a letter to a SuperPAC with ties to the banking industry asking the group to stay out the the Massachusetts Senate race, and she wants her opponent to do the same.

An August 23 article in National Mortgage News revealed that the SuperPAC Friends of Traditional Banking was considering an ad run attacking Warren for her involvement with the Consumer Financial Protection Bureau.

It was unclear how extensive of an ad campaign the group was contemplating.

The People's Pledge

In January of this year, both Warren and Republican Senator Scott Brown signed what has become known as "The People's Pledge," under which the candidates foreswore attack ads funded by outside interest groups. 

If such a group does buy ads to help either Warren or Brown, the benefiting candidate must then make a donation equal to half the amount spent on the ads to a charity of his or her opponent's choice.

"The People's Pledge has helped make sure that voters hear directly from Elizabeth and Republican Scott Brown without the interference of outside groups," said Mindy Myers, Warren's campaign manager.

In a letter addressed to Matt Packard, chairman of Friends of Traditional Banking, Warren wrote, "I believe that differences between my opponent and me on these issues are best debated between us and not via heavy ad spending from outside groups."

Warren also noted that Brown has made donations to the Autism Consortium twice this year after third-party groups ran ads supporting him in the Senate race.

Outside Ads Costly for Brown

According to Brown's Communications Director Colin Reed, the campaign has sent Friends of Traditional Banking a copy of the memo Brown distributed to outside political groups back in March.

That letter, penned by Campaign Manager Jim Barnett, said third-party spending would hurt Brown's re-election efforts, and that the Senator had already paid penalties in excess of $35,000 due to outside ads.

"This race is exactly where Senator Brown wants it to be -- a one-on-one race between himself and Professor Warren," Barnett wrote.

"Now all he needs is for those who support him to let him win it."


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