Eww. Yeah, i've heard horror stories about flimsy brackets & poor designs that, by virtue of cheap materials, have bent, broken, or ripped right out of the wall (mind you, the latter could just as easily be due to improper mounting)
If that's your basement, mount it into the concrete/cinderblock beyond the paneling with a few long 1-1/4" bolts by the impact gun. It won't come down. Ever.
