Elizabeth Warren Taking Wall Street Backing through Senate Democrat Committee

Crossroads calls on Warren to immediately stop laundering Wall Street cash for her campaign through the DSCC

WASHINGTON – Now that the Democratic Senatorial Campaign Committee (DSCC) – which has deep ties to Wall Street – is raising cash to support self-styled Wall Street reformer Professor Elizabeth Warren, American Crossroads president Steven Law is calling on Warren to:

  1. Return any and all funds she has received from the Wall Street-backed DSCC;
  2. Refuse to accept any future DSCC contributions, coordinated expenditures or ads on her behalf; and
  3. Immediately call on the DSCC to stop using her name for fundraising purposes.

The DSCC, which helped recruit Warren to run for Senate in Massachusetts and is now raising money to use for Warren’s campaign, has raised more money from Wall Street than from any other industry.  Since 2005, the DSCC has collected more than $40 million in contributions from Wall Street, the banking and financial services industries.  Just today, DSCC executive director Guy Cecil pledged to “protect” Warren with a DSCC “Emergency Media Campaign.”

“Far left professor Elizabeth Warren should get a PhD in hypocrisy for trying to launder Wall Street political cash through the DSCC’s war chest while simultaneously leading the Occupy Wall Street movement,” said American Crossroads president Steven Law.  “Professor Warren ought to put the DSCC’s Wall Street money where her mouth is: and just say no to DSCC support.” 

The Financial Services Industry has given more money to the DSCC than any other industry, including trial lawyers or labor unions.

The DSCC’s Wall Street Endowment for 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.