TPM Muckraker has done a nice call out on a lobbyist front group Too Big To Fail, using some fairly sophisticated confusion tactics to basically block any financial reform.
But as TPMmuckraker has looked into the group, every indication is that Stop Too Big To Fail is an astroturf operation funded by corporate interests to give the appearance of grassroots opposition to reform.
Gets better. They managed to get blog posts on our classic libeeraaal political sites.
Stop Too Big To Fail's $1.6 million ad campaign, which is targeting Majority Leader Harry Reid, Sen. Claire McCaskill (D-MO), and Sen. Mark Warner (D-VA), asks viewers to tell their senators, "vote against this phony 'financial reform.' Support real reform, stop 'too big to fail.'"
Referring to itself as a "movement," Stop Too Big To Fail has also launched diaries on netroots sites like Daily Kos and FireDogLake and posted columns on Huffington Post.
Ho, ho, ho! This is why one must judge by content in reading anything, including posts on some name brand political site.
I've seen this happen over and over, where some special interest agenda poses as some financially tattered blogger expressing outrage and spinning a story into a nice cloth of complete fiction.
So, be wary folks and try to get your head wrapped around financial reform as best you can. You should have some experience now. Lord knows health care reform was front loaded with the same tactics and we see the result.
Don't let the blogosphere turn into bought and paid for corporate lobbyist press kits.
Good job TPM Muckraker. (h/t to Paul Krugman)