Karen Hartley Nagle Slams Castle For 16 Years Financial Services Committee Failure

Filed in Delaware by on September 25, 2008

Karen comes out swinging.

“Our country is entering the biggest financial crisis in our history,” she said. “Mike Castle has been in Congress for 16 years. During twelve of those years, Republicans have been in charge. As a senior member of the Financial Services Committee, he shares responsibility for the lack of oversight of Wall Street.”

“Reviewing Mike Castle’s campaign finance disclosure statements reads like a ‘Who’s Who’ of Wall Street PACs. He has contributions from Goldman Sachs, Lehman Brothers, Morgan Stanley, Countrywide Financial, Bear Stearns and Merrill Lynch, among many others. He has also received contributions from many corporate executives in the industry. They are the very people he is charged with regulating. During the 2006 election cycle, they composed the bulk of his $445,722.00 in campaign contributions. Through September 2 of this year, he has already received $436, 403 in contributions from many of the same contributors.”

“Mike Castle has taken in a lot of money and, in return, he has failed in his oversight responsibilities. Despite his position on the Financial Services Committee, Mike Castle has failed to take action to protect the residents of Delaware or the country from this crisis brought on in large part due to the growing abandonment of regulation of the financial sector. My candidacy asks Delawareans to rethink leadership. Can there be integrity in our politics when our futures are mortgaged to the financial services industry? Mike’s finding the need for regulation as this crisis strikes is a conversion that comes far too late. As we slip into a depression, where is the hope? It is time for Delaware’s voters to consider who Mike Castle represents and send the message that he no longer belongs in Congress,” Hartley-Nagle said.

h/t kavips

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Jason330 is a deep cover double agent working for the GOP. Don't tell anybody.

Comments (10)

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  1. X Stryker says:

    SUSA polled our Governor race. Markell crushes Lee by more than 2:1. Stop the presses.

  2. RSmitty says:

    Isn’t this like swinging at a fast ball after the catcher has already thrown it back to the pitcher?

  3. Sojourner says:

    Kind of ironic that KHN is slamming Castle for financial mismanagement when she couldn’t even file her Federal Elections Commission report on time. Not to mention the glaring omissions in it. No mention of office rent, office opening party expenses, expenses for her June fundraiser, Jamboree table fee, web-hosting, postage, etc. It is actually illegal not to report all your campaign expenses to the FEC. Karen is asking me as a voter to rethink leadership, well I’m sorry, I don’t think she is any better than Castle.

  4. anon says:

    I heard she had an overdue library book once, too.

    Castle has people to handle all that stuff for him, so there’s no comparison.

  5. Unstable Isotope says:

    Finally, some signs of life from KHN. Keep it up!

  6. P.I. says:

    Ho hum.

  7. anontoo says:

    “Castle has people to handle all that stuff for him, so there’s no comparison.”

    Yes there is. She’s running for the same office and claiming she’s more fit to serve. She must prove it. Who are the “people” she will hire to do that stuff for her when she gets to Washington?

  8. whisper says:

    Advice:

    Gotta focus on the soundbites and snappy quotes. Here’s a rewrite.

    “Reviewing Mike Castle’s campaign finance disclosure statements reads like a ‘Who’s Who’ of Wall Street PACs.”

    turns into…

    “Mike Castle’s fat-cat financial supporters are a ‘Who’s Who’ of Wall Street – the very same people who got us into this mess.”

    That one’s gratis.

  9. kavips says:

    Sojourner,

    If it means that much to you, you should vote for Castle…

    It’s kinda like voting for Mussolini because he made the trains run on time… but if that is your hot button issue, then go ahead…

    Karen lays down exactly why Castle is wrong for Delaware… He represents Lehman Bros, Morgan Stanley, AIG, Solomon Brothers, Goldman Sachs, Countrywide, Bear-Sterns, and Merrill Lynch…

    Did he do anything to stop this? Did he even say “hey, let’s look over this one more time before we go forward with this?”

    That is what a person truly representing Delaware would have done……

    But, go ahead… base all your decisions on whether or not she filed her returns on time…..
    We could always use another. Mussolini.

    I don’t think anyone will race to climb on your platform, any time soon….

  10. Geezer says:

    “Karen lays down exactly why Castle is wrong for Delaware… He represents Lehman Bros, Morgan Stanley, AIG, Solomon Brothers, Goldman Sachs, Countrywide, Bear-Sterns, and Merrill Lynch… ”

    You’re normally a lot sharper than this, K. Banks ARE Delaware. He IS representing his constituency.

    And wouldn’t it be a lot more impressive to field a candidate who could actually talk about this? That ain’t KHN.