Wisebread has the details, including the original FBI memo from 1947.
'It's A Wonderful Life' has been a favorite of mine for a long time. Yes, it's sappy, yes, it's played over and over, year after year, but for me it never loses its charm. I think its message just gets more and more relevant every year. However, I'm not at all surprised to learn that it was despised by people obsessed with free market capitalism and eat up with suspicions of commies hiding under every bed. It is a film that glorifies the virtues of the working man and disdains greed and materialism.
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