|The denialist is in serious trouble at this point. Whatever problem that didn’t exist has continued to capture regulatory attention. It is time to devote serious resources to fighting the proposal being debated.
The denalist should have a fake consumer group or academic group at this point. It will pay off with fake research and fake experts that provide a patina of legitimacy to the denialist’s points.
One of my favorite examples of the bogus research group was presented by Harvard Law Professor Elizabeth Warren, on Georgetown University’s “Credit Research Center:” “I make only a simple empirical observation: As far as I can tell, the Credit Research Center, funded by the credit industry, has never produced a single piece of work at odds with a credit industry position on any subject, while it has produced multiple papers that support the industry’s call for more pro-creditor, anti-debtor legislation–always in the name of independent, academic research.”