White House ally compares Wall Street to casino

Americans United for Change out with new ad backing President Obama's proposal for new financial regulations

Published February 16, 2010 2:54PM (EST)

There's a limit to how far the White House can go in criticizing Wall Street. Sure, President Obama's team can slam the big banks now and again as part of their big populist push, but there's a point at which doing so starts to cost. Fortunately for the White House, there are outside groups who can do that work for them.

Americans United for Change, joined by American Family Voices, is out with a new ad supporting Obama's bank reform proposals. The spot is running on national cable -- meaning it's aimed at opinion makers -- this week; AUC says they've spent more than $200,000 on the buy. It compares Wall Street banks to casinos, with the narrator saying, "They built a house of cards that finally came tumbling down and their recklessness caused an economic catastrophe that cost seveb million Americans their jobs."

By Alex Koppelman

Alex Koppelman is a staff writer for Salon.

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