Tuesday, October 28, 2008

RELEASE: "Sutton Receives Big Payback for Bailout Vote"

Release:
Sutton Receives Big Payback for Bailout Vote:
New York City Investment Executive Hosts $500-Per-Person Fundraiser

While her constituents in Ohio's 13th congressional District reel from the devastating news that National City Bank will be taken over by PNC Bank, Congresswoman Betty Sutton (D-Copley Township) is in New York City tonight, the guest of honor at a posh fundraiser hosted by a wealthy New York City mortgage data industry executive.

Jeffrey H. Lynford is chairman of the board at Reis, Inc., which has strong ties to the largest lending institutions in the country, including GMAC, Bank of America, Fannie May, and Freddie Mac.

"Tonight, Betty Sutton is spending more of her tax payer-paid vacation time with the Fifth Avenue social elites, getting paid back $500 a head for changing her vote to 'yes' on the bailout," said David Potter (R-Strongsville), her opponent in next week's election.

"The Congresswoman has spent the last four weeks misleading the citizens in our district into believing that her vote would benefit the middle class. But instead, she is busy receiving financial paybacks from the greedy CEOs she pretends to despise."

Reis, Inc., is a leading provider of commercial real estate information services to the investment community. Lynford, along with his brother, Lloyd Lynford, president and CEO at Reis, both had 2007 incomes that approached $1 million and stock options that dwarf that basic annual compensation.

"This company clearly benefitted financially by Ms. Sutton changing her vote," Potter said. "She should explain to the struggling voters of her district just who was present at this fundraiser."

Potter looks forward to her doing just that tomorrow at the Cleveland City Club, where the two debate at noon.

"On October 3rd, Ms. Sutton announced that she changed her vote for a bill that was 'aimed squarely at restoring our middle class and strengthening our communities,' " Potter said, "Apparently, Ms. Sutton forgot that her constituents live in areas where $500 is hard for some citizens to earn over the course of a month. She decries the excesses on Wall Street, yet wants us to look the other way when she visits for a night".

To view the invitation for Ms. Sutton's fundraiser, a video of the Congresswoman's Capitol Hill statement from 10/3, and financial information on her wealthy friend, Jeff Lynford, visit Potter's website at www.potterforcongress.com.