NY-SEN: Republican And Former Bear Stearns Exec Enters The Ring

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As the names of those not running against Sen. Kirsten Gillibrand (D-NY) continue to pile up, one Republican and former Bear Stearns executive announced today that he will enter the race.

David Malpass was the chief economist at Bear Stearns from 2001 until its collapse 2008. He also served during the Reagan and George H.W. Bush administrations, in the Treasury and State departments and also as a congressional staffer.In his announcement today, during which he was accompanied by Steve Forbes, Malpass called Gillibrand the “unelected occupant” of the Senate seat.

“She’s chosen at every step to spend to spend New Yorkers’ hard-earned taxes without setting any limits or boundaries,” Malpass said.

In response, Gillibrand’s campaign released a statement: “David Malpass not only helped cause the financial collapse, he made millions and left taxpayers holding the bill.”

Malpass joins two other mostly unknown Republicans, former Port Authority board member Bruce Blakeman and Joe DiGuardi, who served in the U.S. House in the 80s.

Another Republican suspected to run, former Gov. George Pataki, announced today that he won’t run. Instead, he’s forming a group called Revere America which will work to repeal health care reform.

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