send to a friend | print | comment
Sestak keeps up the charge on Toomey & derivatives
All the way back in 2009, one of the first attacks Arlen Specter lobbed at Pat Toomey was to link him to the financial derivatives that have been partly blamed for the economic collapse. More than a year later, Democrat Joe Sestak, the man who dispatched Specter in the primary and faces Toomey in the fall, is continuing that charge.
Sestak’s campaign put out its latest Web video Monday, a 90-second spot that sought to once again remind voters of Toomey’s past as a derivatives trader on Wall Street.
“Congressman Toomey worked on Wall Street—and he still works for Wall Street,” Sestak’s campaign said in releasing the video. “Doesn’t Pennsylvania need a Senator who works for us?”
Specter ran into some trouble the first time he went down this path, when FactCheck.org noted that Toomey can’t be blamed for the derivatives known as credit default swaps, because they didn’t come into existence until after Toomey left Wall Street. Sestak’s campaign has kept its attack-line a bit more vague in a way that could keep the fact-checkers at bay.
See the latest video below.
June 28, 2010 at 2:30 pm
Tags: Joe Sestak, Pat Toomey
Leave a Reply
pa2012.com blogs
Red in a Sea of Blue
Purple in Pennsylvania
The Latest from @pa2012 news
More UpdatesStay connected with pa2012.com:
advertisement
advertisement
advertisement
ha
Jun 28th, 2010
Does Sestak even know what a derivative is?
Tony Soprano
Jun 28th, 2010
A black box in which only the people involved in the deal knew what was happening?
Sounds like the health care bill.
Richard Saunders
Jun 29th, 2010
TTo keep doing the same thing and expect a different result is the height of stupidity. Pat Toomey was part of thw Wall Street Club for Growth culture that injected so much poison into our economy that the economy almost died while the Goldman’s of this world made out like bandits.
The private sector was stupid enough to reward someone like Nardelli, who as CEO of Home Depot took that company into the crapper, with the CEO position at Chrysler, now on life-support.
We in the “public” sector do not have to reward a person like Toomey, who helped put the economy into the toilet, with a seat in the Senate.
Whether you “tea-party” types agree or not with the steps taken to right the economy, please remember it was types like Toomey that created a climate that led to the likes of Enron, Worldcom & Lehman in the first place.
Matt M.
Jun 29th, 2010
So the guy worked on Wall Street. Many Democrats have worked on Wall Street. Jon Corzine and Robert Rubin were both CEOs of Goldman Sachs.
This the best attack Sestak can make?
Ira L.
Jul 3rd, 2010
Mr. Sestak would be wise to point out that Mr. Toomey voted in 1999 to repeal the FDR-era Glass Steagall Act that prevented risky bank speculation; this repeal, of course, led in part to the economic collapse of 2008. However, Sestak cannot simply tow Obama’s line on financial reform. He has to be tougher to be credible.