Too Big to Fail = Too Big to Exist

Watch the Video, Then Sign the Petition to Break Up Bank of America

 


Petition to Financial Regulators:

We, the undersigned, call on the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to break up Bank of America. Under section 121 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, you have the authority to break up “too big to fail” banks into smaller, simpler and safer institutions.

If Bank of America in its current form were to fail, it would devastate the U.S. economy. You must act preemptively to make sure that never happens. We cannot wait and find out whether another financial crisis strikes. If that happens, it will be too late to act.

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Why We Must Act

In its current form, Bank of America poses a grave threat to our economy. It is massive, complex and unstable — too big to manage and too big to regulate. Its assets are equal to roughly one-seventh of the U.S. gross domestic product. If Bank of America goes down, a sizable chunk of our economy will go down with it.

Federal financial regulators have the authority to break up dangerous “too big to fail” banks into smaller, simpler and safer institutions — institutions that won’t tank our economy if they go bust. More than $1 trillion in federal assistance has already gone toward propping up this sprawling behemoth.

It’s time to stop propping up and start breaking up.

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1-25 of 32904 signatures
Number Date Name Add a Comment
32904 Fri Apr 18 20:32:52 EDT 2014 Marguerite Joan Galimiakis Bank of America is too big for their own good. They are not what we want in this country.
32903 Tue Apr 15 19:47:11 EDT 2014 Anonymous
32902 Fri Apr 11 16:28:58 EDT 2014 Dianne Comini
32901 Fri Apr 11 15:26:54 EDT 2014 charles greisz REMEMBER MY NAME; This should make NATIONAL NEWS!!! I have MUCH FRAUD documentation against BOA that you would NOT beleive (239-390-9126). For EXAMPLE: My ELDERLY MOTHER was SUED for removing More....
32900 Thu Apr 10 13:02:25 EDT 2014 Anonymous
32899 Wed Apr 09 14:56:53 EDT 2014 Laura J Hoffman
32898 Wed Apr 09 14:55:14 EDT 2014 Laura J Hoffman
32897 Wed Apr 09 08:14:40 EDT 2014 Anonymous 206 -->205I can think of several reasons to break this bank up. Any hardship incurred now will be much less severe the sooner this happens rather than waiting for a real disaster. We are done being ruled by bankers.
32896 Tue Apr 08 23:55:59 EDT 2014 Joey Decunha
32895 Tue Apr 08 23:02:35 EDT 2014 Anonymous But really...
32894 Tue Apr 08 21:55:40 EDT 2014 Pete ...
32893 Tue Apr 08 21:22:18 EDT 2014 Anonymous
32892 Tue Apr 08 21:19:35 EDT 2014 Anonymous
32891 Tue Apr 08 20:50:22 EDT 2014 Anonymous Break them UP! NO MORE BAIL OUTS!!!
32890 Tue Apr 08 20:00:17 EDT 2014 Anonymous
32889 Tue Apr 08 20:00:10 EDT 2014 Anonymous
32888 Tue Apr 08 19:40:49 EDT 2014 Anonymous
32887 Tue Apr 08 18:54:38 EDT 2014 Dawn Johnson
32886 Mon Apr 07 19:43:19 EDT 2014 Rick Hart
32885 Mon Apr 07 04:22:48 EDT 2014 Susan Brown
32884 Sun Apr 06 19:03:57 EDT 2014 Jennifer Sprague
32883 Sun Apr 06 11:41:12 EDT 2014 Jenn
32882 Sat Apr 05 00:34:08 EDT 2014 Misty Breaux
32881 Mon Mar 31 19:23:28 EDT 2014 Anonymous
32880 Sat Mar 22 12:14:07 EDT 2014 Merry Hauser NO COMPANY SHOULD EVER BE ALLOWED TO BECOME "TO BIG TO FAIL!. We can not allow BIG BUSINESS to do what ever they want with our money. We allowed this to happened ounce: NOT AGAIN! Funny how that works, More....
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