Could Pat Toomey Please Tell Us About His Year in Hong Kong?

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"For some time now, Democrats have been demanding to know what Pat Toomey, the GOP Senate candidate in Pennsylvania, did during his year spent in Hong Kong in 1991 working for a financial advisory firm. Dems have been seeking detail on Toomey's year abroad, in order to buttress their ongoing case that Toomey, who worked for banks and traded derivatives, is nothing but a stooge of Wall Street.

I've nailed down what Toomey did during that year: His campaign confirms to me that he did research on capital market formation in southeast Asia for a company owned by the billionaire Chan brothers, one of whom, Ronnie Chan, was a former Enron director who settled a massive $168 million lawsuit brought against the company by shareholders."

http://voices.washingtonpost.com/plum-line/2010/09/dems_next_offensive_pat_toomey.html



"Before he went to Washington, Congressman Toomey made a fortune on Wall Street and worked for a billionaire in Hong Kong," he said.

Sestak says that led Toomey to dismantle safeguards against Wall Street excesses when he was in Congress.

"My opponent's extreme record is crystal clear," he said. "In Washington, he actively undermined the safeguards that kept our financial system secure since the Great Depression, all in the name of bigger tax breaks and wider profit margins for the richest of the rich."

Sestak says Toomey lines up with the wealthy and big corporations.

"He wants corporate taxes eliminated," Sestak said. "So while our taxes go up, companies like BP, Halliburton, and Monsanto pay absolutely nothing."

http://kdka.com/politics/Joe.Sestak.CMU.2.1900557.html