Jul 10, 2012

DCCC Launches New Campaign About Congressman Latham Benefiting from TARP While Decrying It

The Democratic Congressional Campaign Committee (DCCC) today launched automated phone calls demanding Congressman Tom Latham (IA-03) come clean about publically criticizing the Wall Street Bailout (TARP) while quietly profiting off of the bill. Despite Congressman Latham repeatedly criticizing TARP, the Des Moines Register recently found that he has over $1 million in a bank holding company that received $2.4 million in TARP funds.  Even worse, Congressman Latham’s bank is one of only three banks in Iowa that have yet to pay the taxpayers back for their loan.  Congressman Latham used to be a director of this bank and three of his brothers currently sit on the board of directors. 

The calls begin today and the script of the automated phone call follows:

Hi, this is Jennifer from the DCCC calling with a warning. Congressman Tom Latham is not telling you the whole truth.  He criticizes the banks that received taxpayer bailouts, but what he's not telling you is that he had over $1 million invested in a bank that received TARP funds.  Congressman Latham even used to be a director of the bank and three of his brothers currently sit on the board of directors.   

That’s right - Congressman Latham is profiting off of taxpayer dollars!  To make matters worse, his bank is one of only three banks in Iowa that hasn’t paid back the government for their TARP loans. Congressman Tom Latham benefited personally from TARP even though he says he opposed it because he’s only looking out for himself, not the middle class.

Call Congressman Tom Latham at 515-232-2885 and tell him to come clean about profiting off of taxpayer dollars. 

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