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 32942 signatures
Number Date Name Add a Comment
32942 Mon Dec 15 16:00:13 EST 2014 Rhonda Warmack Houston 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 More....
32941 Mon Dec 15 15:18:28 EST 2014 Christina Irwin And all the other "too bib to fail banking corporations"
32940 Mon Dec 15 11:19:59 EST 2014 David Carlton
32939 Fri Dec 12 19:44:20 EST 2014 Karen Arnheiter
32938 Sun Dec 07 20:14:15 EST 2014 Briana Ireland
32937 Wed Nov 26 08:07:54 EST 2014 Debra King
32936 Sat Nov 15 20:39:34 EST 2014 JUNE F. CAMPBELL
32935 Thu Oct 02 00:28:38 EDT 2014 Anonymous
32934 Tue Jul 29 11:31:53 EDT 2014 tony escujuri I fully support the break up of this too big to fail corporation which continues to offshore jobs.
32933 Tue Jul 22 14:44:04 EDT 2014 ERIKA MARIEL WE NEED MORE CREDIT UNIONS FOR A BETTER SUSTANABLE ECONOMY, UNION BANKS ARE COMMUNIITY BASED, THAT IS WJHAT AMERICA NEEDS NOT CAPITALISM!!
32932 Sun Jul 20 10:33:05 EDT 2014 Paul Davidson and Mary Hebblewhite We need a Teddy Roosevelt Ammendment.

No Banking entity should be allowed to become 'Too Big to (be allowed to) Fail." We cannot in a system that allows this mega growth rely upon the More....
32931 Sat Jul 19 21:27:07 EDT 2014 Edward Lewek
32930 Sat Jul 19 14:45:25 EDT 2014 Robert Swiatek
32929 Sat Jul 19 12:53:25 EDT 2014 Armando Guevara
32928 Sat Jul 19 11:34:35 EDT 2014 Carmen Alvarado
32927 Thu Jul 10 11:40:03 EDT 2014 Deborah Anderson Whatever happened to antitrust laws?
32926 Thu Jul 10 11:39:38 EDT 2014 Deborah Anderson Whatever happened to antitrust laws?
32925 Tue Jul 08 23:46:58 EDT 2014 Rebecca Bierbaum
32924 Wed Jul 02 20:50:06 EDT 2014 Wynn Wyman
32923 Sat Jun 28 22:51:08 EDT 2014 Madison Wolff
32922 Sat Jun 28 18:42:31 EDT 2014 nick chakos
32921 Tue Jun 24 21:48:59 EDT 2014 Anonymous I agree that is all I have to say
32920 Sun Jun 22 20:34:00 EDT 2014 dora blackman
32919 Sun Jun 15 18:19:15 EDT 2014 John Michael Brennan
32918 Tue Jun 10 18:18:25 EDT 2014 Anonymous
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