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September 30, 2012

Owens attacks Doheny in television advertisement

Congressional incumbentquestions challenger's past

 PLATTSBURGH — The North Country congressional race heated up as incumbent Bill Owens launched an aggressive advertisement questioning his challenger’s career.

The challenger, Watertown Republican Matt Doheny, says Owens is lying.

Owens (D-Plattsburgh) unveiled a television advertisement — his fifth of the campaign — that addressed Doheny’s record when he worked on Wall Street.

Dohen

y worked for Deutsche Bank on Wall Street for most of the 2000s. He reached the position of manager of distressed assets and worked to restructure troubled companies.

“Matt Doheny’s Wall Street background says a lot about what he would do in Congress,” Owens’s campaign manager James Hannaway said in talking about the advertisement.

“His record speaks for itself. He would put Wall Street over Main Street every time.”

ISLANDS CITED

The ad, entitled, “Four Islands,” claims that Doheny took over vulnerable companies, fired workers and cut benefits to maximize his profits.

“Next, he worked for a company that used the Cayman Islands to avoid paying taxes,” Owens says in the the script.

The Owens ad was referring to Doheny’s time as portfolio manager for Fintech Advisory, a firm that partly operated offshore through corporate

tax-exempt subsidies.

“Then Matt Doheny bought his own two islands and moved here to run for Congress. Matt Doheny gets his islands. American loses jobs.”

Doheny, who is originally from Alexandria Bay, owns two islands in the St. Lawrence River in the region known as the Thousand Islands.

VALUES CRITICIZED

Hannaway said the ad is not criticizing Doheny for making millions on Wall Street, but what he did to make those millions and his lack of focus on middle-class needs.

“He laid off workers while giving CEOs bonuses. He worked for companies that sheltered money in the Caymans,” Hannaway said.

“You put the pieces together, and it’s pretty clear: Matt Doheny’s Wall Street values are not North Country Main Street values.”

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