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.

This petition is no longer active.
101-125 of 32990 signatures
Number Date Name Add a Comment
32890 Sun Feb 23 16:43:43 EST 2014 Vicki Bianchi This bank has done nothing but steal from me personally. They hiked my credit card rates from 5% to 29.9% because they could. I never late, paid on time, never went over the limit, and had an account with More....
32889 Wed Feb 19 21:18:10 EST 2014 Anonymous Our business channel just reported a $14 million package for 2013,for their CEO.
32888 Sat Feb 15 18:46:15 EST 2014 David Whitney Flat out no-brainer.
32887 Fri Feb 14 21:09:05 EST 2014 Anonymous I hope this isn't just for BoA. JP Morgan, CitiGroup, Wells Fargo and several others should be included in this group. I say contact Karen Hudes for resource and information, then recruit an activist More....
32886 Mon Feb 10 18:45:03 EST 2014 Dalton Wisnefski They must be stopped.
32885 Sat Feb 08 10:09:19 EST 2014 Maria Minerva I don't want to end Bank of America. I just don't want it to end us.
32884 Thu Feb 06 12:46:05 EST 2014 Michael Adam Reale
32883 Sun Feb 02 19:53:10 EST 2014 Alyssa Paulson
32882 Fri Jan 31 14:49:01 EST 2014 melissa miller
32881 Fri Jan 31 11:29:02 EST 2014 Gregory Wilson
32880 Fri Jan 31 08:58:15 EST 2014 Carmen Alvarado
32879 Fri Jan 31 08:57:57 EST 2014 Carmen Alvarado
32878 Thu Jan 30 11:47:07 EST 2014 Anonymous
32877 Mon Jan 27 13:59:48 EST 2014 Kendra Cole 202 -->201Bank of America will seriously injure this economy is it fails. It has already disrupted many people lives and left them to suffer. Don't allow B of A to continue its destructive path. Break it up.
32876 Sat Jan 25 16:26:33 EST 2014 Donald Galivan
32875 Thu Jan 23 13:10:41 EST 2014 Warren Winter This should have been dealt with a long time ago!
32874 Sun Jan 19 05:17:20 EST 2014 Brianna MacLellan
32873 Sat Jan 18 19:32:57 EST 2014 Jason Jones
32872 Fri Jan 10 13:13:00 EST 2014 Brandon Kushner
32871 Mon Jan 06 19:51:41 EST 2014 Carmen Alvarado
32870 Mon Jan 06 12:08:55 EST 2014 Bruce Hlodnicki
32869 Sun Jan 05 15:21:21 EST 2014 Jack Sedaka
32868 Sat Jan 04 14:59:00 EST 2014 Tamara Morgan
32867 Sat Jan 04 14:58:59 EST 2014 Tamara Morgan
32866 Tue Dec 31 20:32:21 EST 2013 Steve Crick
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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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