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 32693 signatures
Number Date Name Add a Comment
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
32689 Sun May 12 12:16:10 EDT 2013 Bob Prosser
32688 Sat May 11 14:36:14 EDT 2013 Phil Schwabe-Fry
32687 Fri May 10 11:51:12 EDT 2013 Rosalie Salvato
32686 Wed May 08 18:07:54 EDT 2013 Judith Graham
32685 Wed May 08 16:12:45 EDT 2013 Brendan Carroll
32684 Wed May 08 15:04:45 EDT 2013 ronnie mitchell
32683 Wed May 08 14:48:38 EDT 2013 Monica Leavitt
32682 Mon May 06 22:09:59 EDT 2013 Marshall Morper Banks do not help the community. They are leeches sucking money they do not earn from HARD WORKING PEOPLE.
32681 Mon May 06 21:27:39 EDT 2013 joshua mercado
32680 Mon May 06 18:11:40 EDT 2013 Thomas Fowler Yes I support this idea, something needs to be done to give
these crooks an ass-kicking.
32679 Mon May 06 18:11:32 EDT 2013 Thomas Fowler Yes I support this idea, something needs to be done to give
these crooks an ass-kicking.
32678 Mon May 06 16:55:23 EDT 2013 diane ostrowski
32677 Mon May 06 10:32:50 EDT 2013 Yin Chu Chien BAC Breakup is imminent.
32676 Sun May 05 01:12:35 EDT 2013 Anonymous
32675 Sat May 04 21:45:39 EDT 2013 Doug Busch
32674 Fri May 03 20:04:58 EDT 2013 donna still
32673 Thu May 02 20:56:11 EDT 2013 sandra miller Dear God, when will it end? We can't help the poor and unemployed get jobs or services to keep them from having to live on the streets and eat out of dumpsters, rationalizing it away by saying that it More....
32672 Thu May 02 18:55:17 EDT 2013 Anonymous i had to send the mail back that was refused at ACLU President, a gray unmarked Federal Car Pulled toward me on Stone Canyon young female was smiling as he let her out of the car. he did not have tax-exempt More....
32671 Wed May 01 12:39:06 EDT 2013 Anonymous The recent HSBC moneylaundering case and Bof A , as well as European bank scandals in recent months, should force the governments of all nations
to take back the reigns of banks.
32670 Tue Apr 30 17:38:27 EDT 2013 Wesley Lemont
32669 Fri Apr 26 18:06:48 EDT 2013 Ilse Funk
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