Stop Too Big To Fail

New Ad: The Big Banks Back Reform, So Let's Kill The Bill (VIDEO)

Justin Elliott | May 6, 2010, 9:22AM

The latest TV ad from shady anti-financial reform group Stop Too Big To Fail advocates killing financial reform legislation because, the ad claims, the big banks actually want to see reform happen.

The ad follows the same "bailout, bailout -- BAILOUT!!" script of the group's previous ads, but with a new twist. Now, instead of misrepresenting the position of a progressive economist (as the group did with Simon Johnson and Robert Reich), Stop Too Big To Fail makes the twisted argument that financial reform should be defeated precisely because big bank CEOs have made extremely broad statements of support for a regulatory overhaul.

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Topics: Citigroup, Financial Reform, Harry Reid, Robert Reich, Simon Johnson, Stop Too Big To Fail, Vikram Pandit