The Democratic National Committee launched a new national cable ad Tuesday, hitting Republicans for working with Wall Street firms to stop bank reform.
"Now Republicans are working with Wall Street lobbyists to prevent reform," the ad says.
The GOP has, essentially, thrown its lot in with big banks by opposing the Democratic reform proposals -- while simultaneously insisting that Democrats are the ones who are doing the banks' bidding. The shred of evidence used to support that particular theory is the fund the Senate bank reform bill would set up -- paid for by banks -- to help wind down massive financial firms that fail; Republicans are calling it a permanent bailout fund, ignoring the source of the money and the purpose of the fund.
Watch the Democratic ad, which will run for two weeks, here: