May 21, 2010, Boston -- Rachel Brown, who is running in the Democratic Party primary against Rep. Barney Frank, issued the following statement, after being told that Senator Scott Brown sought assurances from Frank, that Boston's "Vault" institutions would be protected from regulatory scrutiny, under provisions of Sen. Dodd's phony regulatory reform bill:

"I wonder if the voters of Massachusetts are aware that our newly-elected Senator, Republican Scott Brown, went to Rep. Barney Frank for assurances of protection for Boston's financial institutions, before he cast a vote in favor of the Obama-Dodd phony financial reform bill. According to the Wall Street Journal, Brown received written assurance from the Bailout King, Barney Frank, that the hyperinflationary and highly-risky speculative ventures of leading Boston institutions would NOT be subject to regulation, under the Dodd bill. According to the article, Brown reached Frank while he was on an elliptical machine in the House gym.

"It is bad enough that Brown aided Obama, Harry Reid, and Chris Dodd, who is retiring because the voters of Connecticut got tired of his slavish service to the Wall Street/City of London swindlers responsible for the ongoing financial disintegration of our economy, in passing a bill which will increase financial instability, because Obama, Reid, and Dodd prevented any serious enforcement against derivative speculation from being included in the legislation.

"What is truly `re-vaulting,' to quote expert financial forecaster and physical economist Lyndon LaRouche, is that Brown, who was elected in a legitimate revolt against the pro-Wall Street, pro-speculation faction represented by Obama and Martha Coakley, would turn to Barney Frank for succor. Even more re-vaulting is that he did so, to intervene on behalf of the very financial institutions which have been bailed out by TARP and the Federal Reserve, the very same institutions which continue to trade toxic financial assets, with government funds, to make sure they will not come under regulatory scrutiny."

Rachel Brown urged Sen. Scott Brown (no relation) to explain why he is now backing the very thieving, speculative interests whose activities he criticized as a candidate, and why in the world he would turn to Bailout Barney for advice and support.