January 15th, 2010
02:09 PM ET
8 years ago

Dems launch, pull ad slamming Brown on bank fees

(CNN) - Senate Democrats released an ad Friday morning linking Massachusetts Senate candidate Scott Brown to Wall Street execs and his opposition to President Obama's bank fee plan – though they quickly pulled the spot for an edit after critics pointed out that a visual of the World Trade Center appeared briefly in the background.

"Republican Scott Brown opposes President Obama's plan to reform Wall Street," the narrator said in "Derail," the 30-second ad from the Democratic Senatorial Campaign Committee.

"That's right, Scott Brown actually opposes the plan to crack down on the greed and corruption that nearly destroyed our economy. …But if Brown won't protect American consumers from corporate predators, what IS his agenda?"

DSCC spokesman Eric Schultz said Friday afternoon that a new version of the ad had already been shipped to stations.

As the latest news of bank bonuses draw fresh public outrage late in the race's final week, Democrats have made a major push to tie Brown to Wall Street, and highlight his lack of support for new regulations governing financial institutions receiving government funds.

The ad was released the same day a spot featuring the late Sen. Ted Kenndy's widow, Vicki, hit the airwaves in the state, and congressional and administration sources confirmed that President Obama would be visiting Massachusetts to campaign for Democrat Martha Coakley. The president has also recorded a robocall for the Coakley campaign.

Recent surveys, including several partisan polls, have showed Brown erasing Coakley's early lead. Late in the week, some of these surveys suggested Brown had gained a slight edge.

Former New York City mayor Rudy Giuliani is campaigning for Brown in Boston Friday. Florida GOP Senate candidate Marco Rubio - a Tea Party favorite - sent supporters a fundraising message calling on them to donate to Brown's campaign, while retiring Connecticut Sen. Chris Dodd did the same for Coakley.

Filed under: Martha Coakley • Scott Brown • Senate Democrats
soundoff (53 Responses)
  1. L.J Masterson


    January 15, 2010 03:05 pm at 3:05 pm |
  2. Steve (the real one)

    Huh? Most of America is against the bank fees (really taxes). Why?
    1.These fees (taxes) will be passed down to the consumer
    2. Not that I care too much about the fat cat bankers but didn't they pay back the loans with interest?
    3. Fannie Mae are Freddie Mac are excused (although their role in the meltdown is huge).
    4. GM and Chrysler are also excused yet same banks that did not even take federal funding is on the hook!
    5. I hope somebody challanges thsi in court!

    If I were the Dems I wouldn't shout too loud at Brown's opposition! He is only reflecting the views of most Americans!

    January 15, 2010 03:10 pm at 3:10 pm |
  3. shmeckell

    "Scott Brown actually opposes the plan to crack down on the greed and corruption that nearly destroyed our economy"

    Greed and corruption? Making banks that lived up to their end of the bargain pay for AIG in not standing up for corruption, it is paying off greed and corruption. The banks did what the Fed’s and Fannie/Freddie made them do to survive; give everyone in America a loan even if they could not afford it. AIG is the greed and corruption that sold insurance policies without having a means to ever pay off a claim. AIG did the same thing as Bernie Madoff; they sold nothing, and now instead of jail time AIG gets a bailout and to top it of the banks are going to have to pay it off. Absolutely incredible!!!!!!

    January 15, 2010 03:12 pm at 3:12 pm |
  4. Dan

    while causing people extra taxation (with false representation) the Dems attack others on this subject!!!!!! Woooo....

    January 15, 2010 03:17 pm at 3:17 pm |
  5. Matt

    Vote Scott Brown for US Senate! He will stand up for this state just as the Kennedy family did for over half a century. Vote for liberty! Vote for Scott Brown!

    January 15, 2010 03:20 pm at 3:20 pm |
  6. Jimmy James

    Nice deceptive ad. The new tax Obama is putting on banks includes ones that didn't even take bail out money. Banks that have paid back in full are being taxed. GM and Chrystler aren't being taxed or punished and haven't paid their share back. Hmm thats right. Their are no unions in banks. Awful, just awful. Lies, Lies and more lies. Looks like this is the "Change we can believe in" . The economy stinks, unemployement above 10% and the democrats are trying to ram through a horrible healthcare bill and completely ignoring the country and it's concerns.

    January 15, 2010 03:21 pm at 3:21 pm |
  7. MJ

    Why not have the banks pay higher interest rates on Savings and CD's? Limit their salary to no more than 2 1/2 % of the lowest paid underneath them. Give the money back to the consumers – Government will just give it away.

    January 15, 2010 03:23 pm at 3:23 pm |
  8. rob

    Look for the Dems to pull out all the stops and "Attack" Brown with viscious lies and inuendos. Watch and see if CNN calls any of these ads "Attack Ads" like they do with the Republicans.

    Go Brown.

    January 15, 2010 03:23 pm at 3:23 pm |
  9. Willy Brown


    January 15, 2010 03:26 pm at 3:26 pm |
  10. Libertarian

    Folks....BUSH/Cheney passed this one by the American people so don't blame Obama. Our President is now trying to recover our tax dollars because the Bush admin gave it away with no provision to get it back.

    Sorry Wall Street....we bailed your butt out....the least you can do is have a conscience. Too bad we have to force if on you.

    January 15, 2010 03:49 pm at 3:49 pm |
  11. utahsang

    Robert Gibbs was on C-span yesterday he said "this tax is going to make americans whole because banks caused financial crisis by excessive risk taking" when asked about banks who did not want government tarp money he said " they were given this money for there own self interest" Well if the banks were taking exceesive risks it was because of "community reinvestment act " where banks were forced to give loans to people who normally didn't qualify. Also this tax will be a trickle down tax as banks pass it along in form of fees. Then the wonderful democrats will come to the rescue and hold hearings on excessive bank fees . While all the time they caused problem from the beginning.

    January 15, 2010 03:56 pm at 3:56 pm |
  12. Tony T

    These loons just don't get it. The bank "fee" (why can't Obama just call it a tax?) will be passed on to everyone in the country. Most normal thinking people know this so the ad will backfire. They are basically saying don't vote for the guy who DOESN'T want to raise your taxes. Hysterical.

    January 15, 2010 04:03 pm at 4:03 pm |
  13. indy

    Who doesn't know that the banks are going to pass their fees along to their customers? Is there a way to prevent that action? I doubt it. So the taxpayer lost when the banks lost, lost when the government bailed them out and will lose again when bank fees for ATM use and overdrafts and minimum balances go up. Thanks a lot Mr. President. Way to look out for Main Street.

    January 15, 2010 04:06 pm at 4:06 pm |
  14. TCM

    If nothing else, Brown will erase this demonic 60....Obama needs to be tamed, and this is the ticket. Citizens of Massachusetts – I was stationed at Ft Devens in Ayer years ago and remember the local folk complaining about the high taxes then 1980's)...the Kennedys have done NOTHING for you; the liberal dems have done nothing for you....voting in another liberal puppet will only allow Obama to further his stranglehold on true Americans, all in the quest to destroy our nation that was built by many of the YOUR early citizens....do the right thing and vote for Brown...regardless of your party. Bring some balance back to Congress and derail Crazy Nancy and Evil Harry.

    January 15, 2010 04:19 pm at 4:19 pm |
  15. Jill-IN

    I'd never vote for a guy who did a centerfold nude picture – that's just plain wierd!

    January 15, 2010 04:21 pm at 4:21 pm |
  16. Chuck in CSG

    Did they at least get the spelling of the State right this time?
    GO SCOT GO!!!!

    January 15, 2010 04:22 pm at 4:22 pm |
  17. Obama ... worst President ever!

    It's sad at the extent democrats will go to to poisen anything to do with republicans. These democratic dirtbags are nothing but scum.

    January 15, 2010 04:30 pm at 4:30 pm |
  18. Mike Syracuse, NY

    Wow, first Coakley spells the name of MA wrong in an ad, now they poke all the survivors of 9/11 in the eye. She's a fitting complement to Obozo. Neither one is competent.

    January 15, 2010 04:39 pm at 4:39 pm |
  19. mjm

    "....the greed and corruption that nearly destroyed our economy..."

    They say this after inviting the unions in to the health care debate for sweetheart deal. They say this after a stimulus plan that spent billions while we're stuck at 10% unemployment......

    I think we've seen who the real crooks are.

    January 15, 2010 04:44 pm at 4:44 pm |
  20. No More Incumbents

    And it must be true if a Democrat says it is, you know, like all that transparency the new administration promised, like getting us out of Iraq, like not raising taxes, like having open debate on HealthCare, like doing away with pork-barrel spending, etc, etc.

    January 15, 2010 04:47 pm at 4:47 pm |
  21. newsflash

    News Flash

    There will be no reform on The greed and corruption because the greed and corruption come from D.C . And you can not nor will you EVER reform them they own all of you remember that.

    January 15, 2010 04:49 pm at 4:49 pm |
  22. Tracy

    Maybe they should crack down on Washington DC's greed for power. That goes for everybody...

    January 15, 2010 05:03 pm at 5:03 pm |
  23. Debbie in VA

    The Democrats are desperate. Should be interesting. Let's hope Brown gets elected and defeats this pork filled, special interest, supposed health care reform. The Democrats will pass anything to say they did something. They should be ashamed. My Senators are in lockstep with the whole bunch of them. Our reps and senators don't listen to the people who put them in office.

    January 15, 2010 05:04 pm at 5:04 pm |
  24. Biased

    So the Twin Towers is a sign of Wall street greed and corruption – do the Democrats have no shame at all? My goodness, they must be so desperate that their 60th vote might disappear that they will stoop to anything. If their health bill is so wonderful for the American people why do so many interest groups have to be bought off behind closed doors while the aroma seeps through like rotten fish?

    January 15, 2010 05:06 pm at 5:06 pm |
  25. Massachusetts Conservative

    Too late. It already ran. And it's already in the media.

    This is the most shameful ad in a never ending series of shameful ads by the Coakley campaign.

    This has got to be the worst run campaign in modern political history.

    January 15, 2010 05:40 pm at 5:40 pm |
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