May 13, 2010 8:41AM

GM Ads and the FTC: Fred Smith Responds

Last week in this space I criticized my friends at the Competitive Enterprise Institute for siccing the Federal Trade Commission on General Motors over its misleading "we repaid our bailout money" ads. Now CEI founder/president (and old friend) Fred Smith gives his side of the story in a lengthy response. And a new report from Fox News covers the whole controversy.