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

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.

Chan, Dems argue, is a controversial character, and they're hoping to inject him into the Pennsylvania Senate race. In addition to his link to Enron, Chan has repeatedly scoffed at American hopes for a more democratized China. Even though Toomey did his work for Chan 20 years ago, Dems are going to accuse Toomey of helping build up a Chan-owned company and try to link it to today's fears of Chinese currency manipulation.

The Toomey campaign laughed off the Dems' intention to milk the Chan connection. "The Democrats must be getting pretty desperate to dig up what Pat did twenty years ago," Toomey campaign manager Mark Harris told me, adding that Toomey didn't do any trading, but merely did research on capital formation in southeast Asian countries for the Chan brothers.

"What voters in Pennsylvania are concerned about is Joe Sestak's liberal voting record in the last three years," Harris added.

UPDATE, 11:15 a.m.: The year was actually 1991. I've edited the above to correct.

By Greg Sargent  |  September 17, 2010; 10:45 AM ET
Categories:  2010 elections , Senate Dems , Senate Republicans  
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Next: When Dems take the low road


Weak tea, methinks. If he was being a big bad capitalist, why *wouldn't* he be running as a Republican for the Senate? That's a resume builder for these guys.

Also, there's a Charlie Chan and the Chan Clan cartoon joke here somewhere....

Posted by: BGinCHI | September 17, 2010 10:50 AM | Report abuse

Oh my! This is just ridiculous. People are concerned about jobs and the economy.

Posted by: sbj3 | September 17, 2010 10:51 AM | Report abuse


"BTW, great handle. No offense about the coven sisters, eh?"

None taken. Did you follow the link Bernie posted about the sister?

"I have studied and practiced many therapeutic methods, as well as many different spiritual practices, such as; The Eastern Philosophies of Buddhism, Taoism, Sidha yoga with Brahma khumaris and other yoga practices for self realization. Western philosophies of Christianity, Science of mind, Course in miracles, Catholicism, Native American Spiritualities, Judaism, Muslim, Sufi, Ancient Alchemy of the Emerald Tablet, Metaphysics, Wicca, Pagan and many other world spiritualities."

At least sixteen spiritual paths and the one people pick up on is Wicca. (deep sigh) Maybe if she told O'Donnell about the Wiccan ethic, "Harm None" it might do some good. Oh, who am I kidding?

Posted by: wiccan | September 17, 2010 10:52 AM | Report abuse

This seems pretty desperate. I want Sestak to win as much as the next person, but I dont see this really changing much. If this is their equivalent of the last minute Specter ad, I dont see this one working

Posted by: joshuamantell | September 17, 2010 10:58 AM | Report abuse

This seems a tad wonkey to catch fire. It is best to keep it simple.

For instance, it has come to light that hardcore anti-Federal Government know-nothing candidate Joe Miller (R Alaska) has been a recipient of Federal subsidies for years.

Posted by: nisleib | September 17, 2010 11:16 AM | Report abuse

The media digging up old stuff on Christin O'Donnell - but the MARXIST statement by her opponent Coons are under-reported.

Par for the course?

I guess one might say that Sharon Angel is the winner - the media spotlight is off of her - and the media is giving airtime to their new show "Christine in the 90s"


Posted by: SaveTheRainforest | September 17, 2010 11:28 AM | Report abuse

Making a big deal out of the fact that he worked for THE CHINESE feels a bit like a racial dogwhistle.

Posted by: tomtildrum | September 17, 2010 11:35 AM | Report abuse

"O’DONNELL: They are — they are doing that here in the United States. American scientific companies are cross-breeding humans and animals and coming up with mice with fully functioning human brains. So they’re already into this experiment."


As with all Lab Experiments, something can go wrong. It turns out that one lab scientist is dyslexic, and actually came up with humans with fully functioning rodent brains.

Some of those creatures escaped from the lab, and are now running in elections, as Tea Party Candidates.

Posted by: Liam-still | September 17, 2010 11:37 AM | Report abuse

Christine O'Donnell in 2008.

"I think Joe Biden has bugged my phones".

Posted by: Liam-still | September 17, 2010 11:47 AM | Report abuse

"Christine in the 90s"

Christine in 2007:

"American scientific companies are cross-breeding humans and animals and coming up with mice with fully functioning human brains."

Posted by: schrodingerscat | September 17, 2010 11:52 AM | Report abuse

All, check out this anti-immigrant ad coming from a DEMOCRAT:

Posted by: Greg Sargent | September 17, 2010 11:52 AM | Report abuse

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