It could be the Swift Boat ad of 2008. A conservative group pops out of nowhere with a hard-hitting TV ad against Obama. A billionaire foots the bill. Obama’s campaign reacts fast. CIR and NPR look into the wrangling over the ad.

>> Listen to the full story on NPR.org.

>> Read the corporate history of the group behind the ad, reported first on CIR’s Secret Money Project blog.