SNL "Presidents" Team Up in New Video.

The video, produced by the creators of the Web site FunnyOrDie.com along with the group Americans for Financial Reform, brings together all of the SNL "presidents" for the first time. The cast includes Fred Armisen as Mr. Obama, Will Ferrell as George W. Bush, Darrell Hammond as Bill Clinton, Dana Carvey as George H. W. Bush, Dan Aykroyd as Jimmy Carter and Chevy Chase as Gerald Ford. The cast also includes Jim Carrey as Ronald Regan and Maya Rudolph as Michelle Obama. (watch the video at left)

The former presidents urge Mr. Obama in the video to push for the creation of a Consumer Financial Protection Agency.

"You two are the ones who stripped out all the regulations," Armisen, as the president, says in the video to Ferrell and Hammond. "Why would I want advice from you?"

"It was the nineties, people did all kinds of crazy things," Hammond, as Mr. Clinton, replies.

"When I put the Iraq war on my credit card I never dreamed I would pay 28 percent in interest rates," Ferrell says as Mr. Bush.

The video kicks off a week of grassroots advocacy for financial reform from the Americans for Financial Reform, which is a coalition of more than 200 national, state and local organizations. The coalition is planning call-in days all week to tell members of Congress to pass financial reform and establish an independent consumer protection agency.

"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," Heather Booth, executive director of Americans for Financial Reform, said in a statement. "The Big Banks have had their say in Washington for long enough."

Sen. Chris Dodd (D-Conn.) and Bob Corker (R-Tenn.) are working together to come up with a bipartisan compromise for creating a consumer protection agency. Because Republicans are opposed to creating an entirely new agency, the two senators are proposing to establish the Consumer Financial Protection Agency within the Federal Reserve.

The Federal Reserve's failure to protect banks in the recent financial meltdown has some Democrats decrying to compromise proposal.

"The Fed's such a weak engine, so let's give them consumer protection?" House Financial Services Committee Chairman Barney Frank (D-Mass.), said Tuesday. "It's almost a bad joke. I was very disappointed."