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SNL stars unite behind Consumer Financial Protection Agency

By Garance Franke-Ruta
A star-studded cast unites in a new Web video from online comedy site Funny or Die to argue for the creation of a proposed Consumer Financial Protection Agency, a proposal now under consideration by Congress, as part of an effort by a coalition of liberal groups on behalf of financial regulatory reform.

The nearly-six minute "Presidential Reunion" skit, released Wednesday, features "Saturday Night Live" star Fred Armisen as Barack Obama and SNL alumna Maya Rudolph as Michelle Obama. The stars are visited in a dream sequence by a slew of comedic heavy-weights acting the part of former presidents: Will Ferrell (George W. Bush), Jim Carrey (Ronald Reagan), Dana Carvey (George H. W. Bush), Darrell Hammond (Bill Clinton), Chevy Chase (Gerald Ford) and Dan Aykroyd (Jimmy Carter).

At the end of the skit, the video tells viewers to call their senators and sends them to the Web site of The Mainstreet Brigade, which describes itself as a national "rapid response team" that is working "to support the formation of the Consumer Financial Protection act, and protect our families and communities."

The site is partnered with Americans for Financial Reform, "a coalition of more than 200 national, state and local consumer, labor, investor, civil rights, community, small business, and senior citizen organizations." And that group is partnered with Americans for Fairness in Lending, which has been conducting a call-in campaign since March 1 around the proposed agency.

The release of the video by Americans for Financial Reform kicks off a fresh call-in campaign on behalf of the regulatory agency. Directed by Ron Howard and written by Adam McKay and Al Jean, the video was shot in Van Nuys, Calif., Sunday.

"For months, the Big Banks and their army of high priced lobbyists have been swarming Capitol Hill looking to either kill or weaken real reform - including a strong and independent agency focused on standing up for consumers. We are thrilled the folks at Funny or Die, and their friends in Hollywood, are joining this fight," said Heather Booth, Executive Director of Americans for Financial Reform.

Others on the executive committee of the group include representatives of the Service Employees International Union, U.S. PIRG, the Leadership Conference on Civil Rights/National Fair Housing Alliance, the Roosevelt Institute and the National Community Reinvestment Coalition.

By Garance Franke-Ruta  |  March 3, 2010; 11:50 AM ET
Categories:  44 The Obama Presidency , Barack Obama , Economy  
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Comments

No issue is more critical to ensuring our nation’s long-term economic health than addressing America’s dysfunctional financial regulatory system. Unfortunately, like so much legislation lately, the Obama administration’s economic reform agenda has fallen victim to prolonged partisan gridlock in the Senate.

As a compromise, Senate Banking Committee chairman Chris Dodd (D-CT) suggested burying the agency within the existing framework of the Federal Reserve.

However, even this major concession isn’t enough to satisfy Senator Richard Shelby (R-AL). The senior senator from Alabama’s stubborn refusal to adopt common sense consumer protections provides further evidence of the Republican Party’s prime directive: protecting the interests of large banks, corporations and the rich at the everyday American’s expense.

Passing a financial regulatory reform bill that includes both the Volcker Rule and an independent Consumer Financial Protection Agency is essential to preserving our nation’s economic stability.

The statements of a former Federal Reserve chairmen, Five former Treasury secretaries, a Wall Street CEO, at least one U.S. Senator and a Nobel prize winning economist all attest to this. Richard Shelby and his fellow Republicans owe the American people an explanation as to why they obtusely refuse to accept these crucial reforms.

Read more @ http://armchairfirebrand.wordpress.com/

Posted by: ArmchairFirebrand | March 5, 2010 3:24 AM | Report abuse

Bulletin to SNL: This reality is no laughing matter.

WHAT GOOD IS 'CONSUMER PROTECTION' AN AMERICA WHOSE GOVERNMENT SILENTLY TORTURES, IMPAIRS THOSE AN EVIL SECURITY CABAL CONSIDERS 'DISSIDENTS' OR 'UNDESIRABLES?'

***

VETERAN JOURNALIST EXPOSING NATIONWIDE U.S. GOV'T MICROWAVE CELL TOWER TORTURE SYSTEM DESCRIBES LATEST SILENT ATTACKS

http://nowpublic.com/world/u-s-govt-uses-cbs-news-cover-microwave-cell-tower-torture

NOW IT'S OBAMA'S GESTAPO USA. WHEN WILL TEAM OBAMA ACT?

• Reporter exposing gov't cell tower microwave torture held hostage to community stalking, police-protected, GPS-equipped vigilante squads that burglarize, vandalize and terrorize -- officially-enabled lawlessness that afflicts many thousands of other unconstitutionally targeted and persecuted Americans.

http://nowpublic.com/world/u-s-silently-tortures-americans-cell-tower-microwaves

BUCKS COUNTY, PA- BASED MAGLOCLEN FUSION CENTER: "GROUND ZERO OF A MID-ATLANTIC STATES AMERICAN GESTAPO."

WHY WON'T THE FBI OPEN A DOJ / CIVIL RIGHTS DIVISION INVESTIGATION -- AS REPEATEDLY REQUESTED?

nowpublic.com/world/gestapo-usa-govt-funded-vigilante-network-terrorizes-america

OR:

poynter.org/subject.asp?id=2 (see "articles" )

NowPublic.com/scrivener (see "stories" )

Posted by: scrivener50 | March 3, 2010 1:43 PM | Report abuse

This is hilarious. You really have to watch it two or three times --- Ferrell, Carvey, Carrey, Chevy Chase, Hammond, and Aykroyd all in one skit.

Posted by: AlanGoldberg54 | March 3, 2010 12:52 PM | Report abuse

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