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This petition is no longer active.
201-225 of 32990 signatures
Number Date Name Add a Comment
32790 Sun Jun 30 18:24:16 EDT 2013 Timothy Coglianese
32789 Sun Jun 30 14:18:14 EDT 2013 MaryEllen Boudman
32788 Tue Jun 25 08:55:28 EDT 2013 scott cady
32787 Mon Jun 24 17:22:16 EDT 2013 Gregory Labelle If they don't get broken up people should just pull their money out of it. The only ones it will hurt are the rich brats that live off the interest.
32786 Sun Jun 23 10:54:37 EDT 2013 Anonymous We can't afford to continue to bail out companies that fail. We have an odd mix of capitalistic ideals and government bail out. Corporate America is not mature enough to regulate itself.
32785 Sun Jun 23 01:21:11 EDT 2013 Richard Kerr
32784 Sun Jun 23 01:17:07 EDT 2013 Richard Kerr Bank of America is run by a bunch of assinine idiots who couldn't find their asses with both hands if they were the only ones in a phone booth.
32783 Fri Jun 14 15:52:41 EDT 2013 Lynne Banta
32782 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!
32781 Wed Jun 12 16:50:00 EDT 2013 Robert Barsocchini
32780 Mon Jun 10 18:26:26 EDT 2013 Stephen Spieckerman
32779 Tue Jun 04 23:02:15 EDT 2013 Stephanie Doll
32778 Tue Jun 04 22:47:31 EDT 2013 Kenneth Bryan
32777 Tue Jun 04 22:47:30 EDT 2013 Kenneth Bryan
32776 Tue Jun 04 01:51:20 EDT 2013 Thomas Rascon
32775 Sun Jun 02 00:37:44 EDT 2013 B MacDonald
32774 Wed May 29 19:51:32 EDT 2013 Jennifer Bringman BREAK UP BANK OF AMERICA NOW!
32773 Thu May 23 16:53:46 EDT 2013 Colleen Kirby Cho 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....
32772 Thu May 23 16:10:53 EDT 2013 Timothy Coglianese
32771 Mon May 20 19:06:16 EDT 2013 carol jagiello
32770 Sun May 19 01:38:16 EDT 2013 Anonymous
32769 Thu May 16 14:52:34 EDT 2013 Anonymous
32768 Wed May 15 11:18:53 EDT 2013 David Young Let Liz, come on through,and make Moynahan blue
32767 Fri May 10 11:51:12 EDT 2013 Rosalie Salvato
32766 Wed May 08 14:48:38 EDT 2013 Monica Leavitt
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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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