The Progressive


A project of Common Dreams

For Immediate Release

Mary Bottari, 608-255-4566

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 to ask of 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 at 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.

The Center for Media and Democracy (CMD) is a non-profit investigative reporting group. Our reporting and analysis focus on exposing corporate spin and government propaganda. We publish PRWatch, SourceWatch, and BanksterUSA. Our newest major investigation is available at We accept no funding from for-profit corporations or the government. If you would like to make a financial contribution to support our work, please click here.