U.S. Senate candidate Elizabeth Warren hasn’t hesitated to jump into the storm over JPMorgan’s $2 billion trading loss, seizing the opportunity to remind voters of her record of taking on Wall Street.
The Massachusetts Democrat, in a tough battle with freshman GOP Sen. Scott Brown, launched a new radio ad Tuesday where she brought up her role in overseeing the 2008 bank bailouts and called for a “tough cop on the beat” to make sure the financial sector doesn’t exert undue influence over Washington.
“Even now, Wall Street banks that got bailed out are still at it, gambling recklessly,” she says in the ad. “This is Elizabeth Warren. I stood up to big banks. I took on their army of lobbyists and helped win the fight for a consumer protection agency. But there’s still more to do.”
At the same time, Ms. Warren tried to play up her campaign narrative that Mr. Brown is a Wall Street pawn, blasting him for refusing to disclose everyone who helped to throw him a New York fundraiser in March that was hosted by a former Goldman Sachs executive.
She also called for JPMorgan CEO Jamie Dimon to resign before the news came Tuesday that the Justice Department has launched a criminal investigation into the company’s multibillion-dollar trading losses.