Brown Fails to Mention $19 Billion Favor for Wall Street Banks
Continued Efforts To Weaken Consumer Protections
No Wonder He Got More Campaign Cash from Financial Industry Than Any Other 2012 Candidate
Brown was asked about Dodd-Frank during the broadcast with fellow Republican Senate candidates Bob Smith and Jim Rubens. Once again, Brown offered double talk and refused a straight answer. Here are the facts Brown failed to mention:
- Brown blocked passage of the Dodd-Frank bill until Wall Street banks were off the hook for $19 billion, their share of the cost of implementing reforms.
- In 2012, Brown received $5.2 million in campaign contributions from financial and related industries, more than any other 2012 candidate. And,
- Even after the law passed, Brown continued working to try to weaken its consumer protections.
In his 2012 reelection bid for the Massachusetts Senate, Brown's work on behalf of the financial industry earned him hundreds of thousands of dollars in campaign cash from Wall Street, and $2.6 million from the securities and investment industry--making him the number one recipient of corporate special interest cash among all 2012 members of Congress.