by Jeff Sovern
Ed Mierzwinski of the excellent US PIRG Consumer Blog has a mind-boggling piece in the Huffington Post about an ad opposing the financial regulatory bill the House passed in December that would, among other things, create a Consumer Financial Protection Agency. The ad, which purports to be made by the Committee for Truth in Politics is so dishonest that I hope it's a spoof. It claims that the bill would provide for a $4 trillion bailout to banks. In fact, as explained by the Annenberg Public Policy Center's Fact checkers, the bill would limit the Fed's existing unlimited authority to $4 trillion. Is broadcasting lies the best opponents of the CFPA can do?
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