Beau Boughamer, email@example.com, 202/765-9143
Issued November 01, 2016
During the Great Recession, a lot of us got hit hard. Pat Toomey hit it rich. That’s what a new television ad underscores. Part of a $1 million investment by the Service Employees International Union (SEIU), the spot familiarizes Pennsylvania voters with exactly what happened:
The spot will run through the Election Day in the Pittsburgh, Wilkes-Barre/Scranton/Hazleton, Harrisburg/Lebanon/Lancaster/York and Johnstown/Altoona/State College markets.
Click here to watch the ad, “Collateral.” Find a transcript below.
Title over small-town visual: 2005.
Pat Toomey shown alongside photo of Team Capital Bank.
Title: Millionaire Pat Toomey
Title: Financial Despair
Title shown over photo of Team Capital Bank: “The practice… banned in 35 other states” (Politico, 10/7/16)
Title: Team Capital Bank acquired by the Provident Bank (Express-Times, 12/20/13)
Title over photo of Toomey: Sold
Title: $122 million (Team Capital Bank prospectus form S-4, filed 4/18/2014)
Title: Pat Toomey: he’s really not for you
Disclaimer: Paid for by SEIU COPE. Not authorized by any candidate or candidate's committee.
Millionaire Pat Toomey buys a bank.
Three years later, the economy collapses.
But Toomey’s bank takes advantage of the recession and engages in a predatory practice banned in most states – foreclosing on small business owners who put homes up for collateral.
Toomey’s bank got richer and was sold for $122 million.
Pat Toomey: he’s really not for you.
SEIU COPE is responsible for the content of this advertising.