Dems' next target: Toomey's year in Hong Kong

[babylonsister]

Dems' next target: Toomey's year in Hong Kong
Greg Sargent


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.

Dem Senate candidate Joe Sestak and others have accused Toomey of doing controversial currency swaps during that year in Hong Kong. The Toomey campaign adamantly denies the charge -- and there's no evidence for it.

More broadly, however, Dems are going to go on the offensive against Toomey over his work for Chan.


more...

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