As many Americans tuned in to Fox Business Channel for the very first time last night to catch the fourth installment in the GOP presidential debate clown show, one conservative group took the opportunity to go after Elizabeth Warren and the CFPB, and fortunately for us, the vocal Wall Street critic wasted little time responding to this latest attempt to shut her down.
The American Action Group spent half a million dollars to run an ad attacking the Consumer Financial Protection Bureau, an agency created in the wake of the 2008 financial collapse meant to enforce consumer protections against predatory banking practices, and targeting the Massachusetts senator credited with spearheading its creation as well as the agency's director, Richard Cordray, during last night's FBN debate.
"They call it CFPB, Washington’s latest regulatory agency, designed to interfere with your personal financial decisions," the ad's narrator began in a deep and foreboding tone. "That car loan you needed, your mortgage, that personal loan. With the Consumer Financial Protection Bureau, those who need help the most are denied."
The ad's imagery was of a sterile hall full of bureaucrats uniformly stamping denials on loan applications as the faces of Warren and Cordray look down from red, Soviet-style banners above head.
“With the Consumer Financial Protection Bureau, those who need help the most are denied,” the narrator adds before declaring the agency an evil tool for the government to control consumers' decisions.
“Tell Congress to stop the CFPB now, before they deny you,” the ad compelled Fox Business Chanel viewers.
Of course, no mention was made of the more than $10 billion dollars recuperated by the CFPB and returned to 17 million Americans because who needs context in ads, right?
Well, if nothing else, the ad caught the attention of Warren, who was undoubtedly tuned to FBN to hear from the GOP presidential candidates during what was billed as the most substantive debate on the economy thus far.
Here is a bit from Warren's glorious real time fact-checking of the attack ad:
Watch the anti-CFPB attack ad:
(h/t: Mother Jones)