Elizabeth Warren: “I do have donors on Wall Street…”

Crossroads calls on Warren to refund Wall Street campaign cash; reject Democrat Senate Committee’s Wall Street-funded support

WASHINGTON – American Crossroads today called on Professor Elizabeth Warren to refund the campaign cash she bagged on Wall Street and to ask the Wall Street-funded Democrat Senate Committee to stop supporting her campaign.  Warren previously refused to reject the financial support of the Wall Streetenriched Democratic Senatorial Campaign Committee (DSCC).

Professor Elizabeth Warren confirmed her abject hypocrisy when she disclosed accepting political cash from Wall Street despite her repeated cries against “Wall Street money” in politics.  When asked about the source of her campaign funds by an audience member at a January 3rd event in Boston, Professor Warren admitted:  

“…I do have donors on Wall Street…”  (Robert Rizzuto, “Democratic U.S. Senate Challenger Elizabeth Warren Comes Out Swinging at Dorchester Town Hall Discussion,” The Springfield Republican, 01/03/2012)

Warren’s confession comes just days after she sent three fundraising emails at the close of the fundraising quarter which blasted “Wall Street funders,”  “Wall Street backers,” “Wall Street financiers,” and “Wall Street and their armies of lobbyists” spending in political campaigns.

“Professor Warren’s hypocrisy continues as she denounces Wall Street campaign cash in her campaign’s fundraising emails yet openly takes money she bags on Wall Street into her own coffers,” said American Crossroads President and CEO Steven Law.  “If Professor Warren had any integrity, she would refund these Wall Street contributions and at the same time ask the Wall Street-fueled DSCC to stop supporting her campaign.”

Professor Elizabeth Warren’s Pattern of Wall Street Hypocrisy

Attack Wall Street Executives Before Going on a “Charm Offensive” with Them to Land a Job 

According To The New York Times, Warren’s “Charm Offensive” Included Meetings With The CEOs Of JPMorgan Chase, Citigroup, Morgan Stanley And Others. “Elizabeth Warren’s charm campaign made a stop in enemy territory on Wednesday. Ms. Warren, the Obama administration official who is overseeing the new Consumer Financial Protection Bureau, brought her calls for tough regulation to the Chamber of Commerce, a ferocious opponent of regulation – and the bureau itself. But you wouldn’t know from her remarks that she had stepped into the lion’s den. Ms. Warren, in a speech to the chamber’s Capital Markets Summit on Wednesday morning, trod lightly on the bureau’s plans to regulate Wall Street. She instead played to her audience, saying the bureau would ease some burdensome regulations.” (Ben Protess, “Warren Courts Her Top Critics,” The New York Times’s “Dealbook” Blog, http://dealbook.nytimes.com/, Posted 3/31/11)

  • “Ms. Warren’s charm offensive comes as the deadline approaches for President Obama to name an official director of the bureau – a spot that many consumer advocates want her to fill. Ms. Warren’s visit to the chamber — one of the financial industry’s top cheerleaders and lobbying shops — is her latest olive branch to fierce critics who stand in the way of her nabbing the job. Ms. Warren’s calendar this year has been jam-packed with meetings on Wall Street. She has met with the chief executive of every major Wall Street bank, including Jamie Dimon of JPMorgan Chase, Vikram S. Pandit of Citigroup and James P. Gorman of Morgan Stanley. Her industry outreach included talks with dozens of community bankers, too, and meetings with top credit card executives like Ajay Banga, the president and chief executive of MasterCard.” (Ben Protess, “Warren Courts Her Top Critics,” The New York Times’s “Dealbook” Blog, http://dealbook.nytimes.com/, Posted 3/31/11)

Blast Wall Street Funds in Politics Yet Refuse to Reject Support and Cash from the Wall Street-Backed DSCC

Elizabeth Warren Bashes Wall Street and Takes Millions of Dollars of Donations on Her Behalf.  American Crossroads aims to complicate matters for Elizabeth Warren, arguing that you can’t bash Wall Street and then turn around and take millions of dollars of donations on your behalf from the industry you have identified as the locus of all that is wrong with modern America.”  (Jim Geraghty, “American Crossroads Spotlights Warren-Defending DSCC’s Wall Street Cash,” National Review Online, 12/13/11)

Decry Wall Street Cash in Campaigns Before Openly Accepting Money from Wall Street into Her Campaign’s Coffers

Elizabeth Warren Admits She Accepted Campaign Contributions from Wall Street.  “…I do have donors on Wall Street…”  (Robert Rizzuto, “Democratic U.S. Senate Challenger Elizabeth Warren Comes Out Swinging at Dorchester Town Hall Discussion,” The Springfield Republican, 01/03/2012)

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American Crossroads is a non-profit 527 political organization dedicated to renewing America’s commitment to individual liberty, limited government, free enterprise and a strong national defense through informed and effective political action. American Crossroads seeks to educate voters and empower citizens to hold lawmakers and office-seekers accountable for where they stand. Paid for by American Crossroads. Not authorized by any candidate or candidate’s committee. dev-ac-www-americancrossroads.pantheon.io 

For more information or to arrange an interview, contact Nate Hodson at nmhodson@americancrossroads.org or (202) 370-6604.