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Tuesday
Jun242014

NHDP - On WMUR, More Double Talk From Scott Brown

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
 

Concord, NH—More double talk from Scott Brown this weekend—this time on WMUR’S CloseUp, when Brown failed to mention his $19 billion favor for the big Wall Street banks, his record-breaking haul in financial industry campaign contributions, and his continued efforts to weaken consumer protections in the new financial reform law, known as Dodd-Frank.
 
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.
“Now Brown says he wants to go back to Washington to ‘fix’ the law? What he really means is he wants to get more for his Wall Street buddies and the big banks and leave consumers holding the bag,” said New Hampshire Democratic Party Communications Director Julie McClain. “Scott Brown voted for Wall Street the last time he was in the Senate, and that’s what he’s going to keep doing--protecting the big banks and corporate special interests instead of New Hampshire.”
 
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.
 
“Scott Brown was once considered one of Wall Street’s favorites in Congress. For Scott Brown, ‘fixing’ financial reform means delivering more to his big Wall Street buddies. No wonder they’re spending big to get Brown back in the U.S. Senate,” continued McClain.

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