You can’t make this stuff up.
Sen. Al Franken (D., Minn.) is hoping to saddle his Republican challenger with Mitt Romney-esque charges of “vulture corporatism,” but his own investment activities, and those of his son, could blunt those attacks with charges of hypocrisy.
Franken’s campaign has scoured public records for evidence that his opponent, investment banker Mike McFadden, has closed business deals that resulted in layoffs.
“‘The Democrats are going to try and nail McFadden as the incarnation of a Wall Street fat cat, as they did with Mitt Romney,” University of Minnesota political scientist Larry Jacobs told Bloomberg.
The Franken campaign points to a 2012 deal in which McFadden’s firm, Lazard Middle Market, organized a merger that relocated the corporate headquarters of Jazz Pharmaceuticals to low-tax Ireland, a move commonly known as a tax inversion.