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The Washington Independent

The Committee for Truth in Politics Pre-Emptively Attacks Wall Street Reforms

Two great catches by Ben Smith -- and more by his commenters -- reveal that the little-known Committee for Truth in Politics is running ads that frame proposed

Jaya Mckeown
News
Last updated: Jul 31, 2020 | Feb 03, 2010

Two great catches by Ben Smith — and more by his commenters — reveal that the little-known Committee for Truth in Politics is running ads that frame proposed financial regulatory reform as, paradoxically, “one big bailout” for banks. The ads are running in Pennsylvania, Montana, North Dakota and Colorado, and they crystallize an attack that Rep. Michele Bachmann (R-Minn.) made against the House’s version of reform, passed in December: that it was a “permanent bailout bill” because it created a closely regulated fund that could be tapped for future bank emergencies. (Frank Luntz used crisper language in a memo to Republicans.)

The ad:

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