PRESS RELEASE

McNerney for Congress
California’s 11th Congressional District

For Immediate Release
October 28, 2010

J.P. MORGAN DELIVERS ONCE AGAIN FOR HARMER

Dublin, CA – Corporate lawyer David Harmer has come full circle with former employer and Wall Street bank J.P. Morgan Chase underwriting the final days of his third campaign for Congress with a $5,000 campaign contribution.

Following a career spent at a debt collection agency, a credit card company, and a predatory lender, corporate lawyer David Harmer signed on in 2008 as a senior executive at Wall Street bank J.P. Morgan Chase.

J.P. Morgan Chase received $25 billion in bailout funds and David Harmer walked away with a golden parachute of almost $160,000. Then, he collected over $7,000 in unemployment benefits.

Now David Harmer is looking once more to his former employer for a bailout. Just days ago, he accepted a $5,000 contribution from J.P. Morgan Chase to fund the final days of his campaign.

“Corporate lawyer David Harmer has come full circle with Wall Street bank J.P. Morgan Chase,” said Sarah Hersh. “His former employer is now underwriting the final days of his third run for Congress. But that leaves voters in California’s 11th Congressional District wondering whose side corporate lawyer David Harmer is really on.”

Background:

David Harmer worked as a First Vice President at J.P. Morgan Chase following a career spent as a lawyer for corporations that include Utah-based debt collection agency Riddle and Associates, credit card company Providian Financial, and predatory lender Washington Mutual [David Harmer LinkedIn Profile].

J.P. Morgan received $25 billion in bailout funds [MSNBC, “JPMorgan Chase allots $9.3 billion in bonuses” January 15, 2010].

David Harmer collected nearly $160,000 in bonus and severance from J.P. Morgan and then filed for over $7,000 in unemployment benefits [David Harmer Personal Financial Disclosures, June 10, 2009 & August 30, 2010].

David Harmer accepted a $5,000 campaign contribution from J.P. Morgan Chase [Harmer for Congress FEC Report, October 22, 2010].
 

###