(CNN) – It's enough to make a first term president have nightmares: a parade of past presidents all advocating that the current occupant of the Oval Office take action on a controversial reform measure in the wake of the worst financial crisis since the Great Depression.
That's exactly the conceit of a new Web video released Wednesday by comedy Web site Funny or Die.
In the video, President Obama, played by current Saturday Night Live cast member Fred Armisen, and the first lady, played by SNL alum Maya Rudolph, go to bed in the White House. As the fictional Obama drifts off to sleep, the clip turns into a dream sequence featuring a number of Obama's predecessors.
"We heard you were tossing and turning over whether to push for federal regulations so we're here to give you some advice," Saturday Night Live alum Darrell Hammond says, playing former President Bill Clinton.
"Yeah, what he said," says Will Ferrell, playing former President George W. Bush.
Ferrell and Hammond are joined by fellow SNL alum Dana Carvey who revives his classic portrayal of former President George H.W. Bush.
"We got a regulatory issue here and we got to regulate that or we're going to have more bubbles," Carvey says. "Sometimes you got to do the right thing," Carvey's fictional Bush 41 adds.
Dan Aykroyd plays former President Jimmy Carter: "Mr. President, you have to establish the Consumer Finance Protection Agency," Carter tells Obama.
And Chevy Chase revives his accident-prone imitation of former President Gerald Ford.
Former President Ronald Reagan is played by Jim Carrey, the only actor in the clip who was not a Saturday Night Live cast member.
"I hope this little talk has helped," a fictional Reagan tells a fictional Obama.
After Armisen awakes from the dream sequence, a message appears on screen that includes a Web address and a phone number: "The banks have millions of dollars to spend to get their message out but your speech is free," an announcer says. "Contact your senators about the CFPA ..."
The Web video was produced by Funny or Die in association with Americans for Financial Reform, a coalition of organizations pushing for financial regulatory reform.
The Obama administration's plans to pass a financial reform bill have been stalled in the Senate, in part, because of an impasse over the details of a new consumer protection agency favored by Democrats.
Follow Martina Stewart on Twitter: @MMStewartCNN