It's Not Such A Wonderful Life...

It's Not Such A Wonderful Life -- George Bailey Weighs In on the Financial Crisis

U.S. House Finance Committee Chair Barney Frank has announced that a package of banking reform legislation will be voted on the House floor next week, starting December 9th. BanksterUSA, a project of the Center for Media and Democracy, uses the classic Frank Capra film "It's a Wonderful Life" to stress the importance of this historic debate and ask Congress:

Whose side are you on? Mr. Potter's? Or George Bailey's?

The video, called "It's NOT Such a Wonderful Life," can be viewed on http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=nSIvtVKWqIIOD%2FnomGswuAeY73OEH75k or YouTube.

The video links to a letter that citizens can send to their Member of Congress listing four ways in which the banking legislation can be strengthened, including: closing loopholes for derivatives, limiting the size of "too big to fail" institutions, strengthening the Consumer Financial Protection Agency, and promoting the democratization of the Federal Reserve.

Feel free to post and distribute widely as this classic Capra movie is no longer subject to copyright.

BanksterUSA is a new project of the Wisconsin-based Center for Media and Democracy (CMD). CMD was founded in 1993 as an independent, non-profit, non-partisan, public interest group focusing on exposing corporate spin. CMD brought you the book "Weapons of Mass Deception" before the Bush team failed to find weapons in Iraq, and we exposed "Fake News" in the media and the "Pentagon Pundits" on cable news. At BanksterUSA we debunk the spinmeisters of the powerful financial services industry with regular "Golden Throne Awards" and help ordinary Americans take positive action on the financial crisis and the real economy.

DATE: December 2, 2009
CONTACT: Mary Bottari, 608-255-4566

Posted by Chuck Bell at 6:47 AM