Day 5: Wall-Street Funded Democrat Senate Committee Makes Another Fundraising Pitch for Elizabeth Warren

Professor Warren won’t turn down laundered Wall Street campaign cash

WASHINGTON – For the fifth day, American Crossroads called on Professor Elizabeth Warren to “just say no” to the Democratic Senatorial Campaign Committee’s (DSCC) Wall Street-fueled financial backing, after the DSCC sent another email today raising cash for Warren’s campaign.  Warren has repeatedly decried “Wall Street money” in politics.

Since 2005, Wall Street, big banks and the financial services industry have poured more than $40 million into the DSCC’s coffers, which DSCC bagmen Guy Cecil and Jason Rosenbaum have pledged will directly aid Warren.  The DSCC’s Wall Street takedown even exceeds the lavish contributions made to the committee by wealthy plaintiffs’ lawyers and labor unions – traditional top Democrat campaign backers.  The DSCC’s early adoption of Warren has raised eyebrows because of the unresolved primary election for the nomination.

“This is a pattern for Professor Warren: she attacked Wall Street CEOs and then cozied up to them when she was angling for a new job.  Now she decries Wall Street political cash but is only too willing to get it through the back door of the DSCC,” said Steven Law, American Crossroads president.  “Every day that Warren allows the Wall Street-owned DSCC to raise money off her name only deepens the hypocrisy of her rhetoric.”

The DSCC Bags Cash on Wall Street for Professor Elizabeth Warren

Since 2005 The DSCC Has Taken $40,555,590 From Wall Street, More Than Any Other Industry. (Center For Responsive Politics, http://www.opensecrets.org/, Accessed 12/13/11)

  • In The 2012 Election Cycle, The DSCC Took $1,547,805 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics, http://www.opensecrets.org/, Accessed 12/13/11)
  • In The 2010 Election Cycle, The DSCC Took $7,274,205 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics, http://www.opensecrets.org/, Accessed 12/13/11) 
  • In The 2008 Election Cycle, The DSCC Took $19,098,584 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics, http://www.opensecrets.org/, Accessed 12/13/11)
  • In The 2006 Election Cycle, The DSCC Took $12,634,996 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics, http://www.opensecrets.org/, Accessed 12/13/11)

The Second Most Generous Industry To The DSCC Is Lawyers/Law Firms, Which Have Given $33,916,522 Since 2005. (Center For Responsive Politics, http://www.opensecrets.org/, Accessed 12/13/11)

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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 [email protected] or (202) 370-6604.