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 32714 signatures
Number Date Name Add a Comment
32714 Mon Jun 17 22:45:15 EDT 2013 Daniel Vinson Enough allowing these treasonous acts to devastate America. The only thing that needs to be determined is how long the prison sentences should be, 25 yrs. or life without parole. Break them up or jail More....
32713 Sun Jun 16 08:53:43 EDT 2013 c connor
32712 Fri Jun 14 21:22:47 EDT 2013 Sju Georgine Thorup
32711 Fri Jun 14 15:52:41 EDT 2013 Lynne Banta
32710 Fri Jun 14 13:39:16 EDT 2013 Ryan Bradley
32709 Fri Jun 14 10:53:10 EDT 2013 Donna Lowe Stop letting those who have the money rule!
32708 Fri Jun 14 08:32:26 EDT 2013 Charles Niswander No more "Too Big To Jail"! Dissolve this corrupt institution and free our democracy from the grips of the big banking powers that corrupt it! Go Away, Bank of America! End the Fed while your at it!
32707 Wed Jun 12 16:50:00 EDT 2013 Robert Barsocchini
32706 Mon Jun 10 18:26:26 EDT 2013 Stephen Spieckermn
32705 Tue Jun 04 23:02:15 EDT 2013 Stephanie Doll
32704 Tue Jun 04 22:47:31 EDT 2013 kenneth bryan
32703 Tue Jun 04 22:47:30 EDT 2013 kenneth bryan
32702 Tue Jun 04 01:51:20 EDT 2013 Thomas Rascon
32701 Sun Jun 02 00:37:44 EDT 2013 Beth MacDonald
32700 Wed May 29 21:46:52 EDT 2013 James Sower
32699 Wed May 29 19:51:32 EDT 2013 JENNIFER BRINGMAN BREAK UP BANK OF AMERICA NOW!
32698 Sun May 26 22:13:43 EDT 2013 travis campbell
32697 Thu May 23 16:53:46 EDT 2013 Colleen Kirby We need smaller, more manageable banks so we don't repeat our financial crisis. If Bank of America is not broken up, the complexity will lead to more financial mismanagement...we need to make sure this More....
32696 Thu May 23 16:10:53 EDT 2013 Deborah Bragg
32695 Mon May 20 19:06:16 EDT 2013 carol jagiello
32694 Mon May 20 14:02:27 EDT 2013 Dennis Hartenstine
32693 Sun May 19 01:38:16 EDT 2013 Anonymous
32692 Thu May 16 14:52:34 EDT 2013 Anonymous
32691 Wed May 15 11:18:53 EDT 2013 Young David Let Liz, come on through,and make Moynahan blue
32690 Sun May 12 15:07:05 EDT 2013 Anonymous
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