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This petition is no longer active.
226-250 of 32990 signatures
Number Date Name Add a Comment
32765 Sun Apr 21 15:53:35 EDT 2013 carol thomas
32764 Sun Apr 21 11:05:58 EDT 2013 E
32763 Sun Apr 21 11:02:42 EDT 2013 Julie Viergutz We need strong regulation to prevent another financial crisis.
32762 Sun Apr 21 09:17:54 EDT 2013 Anonymous
32761 Sun Apr 21 08:05:00 EDT 2013 Joseph Desruisseaux
32760 Sun Apr 21 06:38:33 EDT 2013 John McKee
32759 Sun Apr 21 02:34:37 EDT 2013 Eric Philo
32758 Sun Apr 21 00:34:11 EDT 2013 William Miniutti
32757 Sun Apr 21 00:04:15 EDT 2013 Donna Mummery
32756 Sat Apr 20 23:52:46 EDT 2013 Eva Balek
32755 Sat Apr 20 23:49:32 EDT 2013 PINGSHUN HUANG
32754 Sat Apr 20 23:48:00 EDT 2013 Mercedita del Valle
32753 Sat Apr 20 23:45:26 EDT 2013 Brian Ranum
32752 Sat Apr 20 23:25:47 EDT 2013 Lisa LeBlanc
32751 Sat Apr 20 22:41:09 EDT 2013 Patrick Williams
32750 Sat Apr 20 22:13:36 EDT 2013 Philip Koster
32749 Sat Apr 20 21:40:01 EDT 2013 David Lund
32748 Sat Apr 20 21:27:45 EDT 2013 Patricia Seitz
32747 Sat Apr 20 20:22:36 EDT 2013 tom cramer
32746 Sat Apr 20 20:11:10 EDT 2013 Richard Heckman
32745 Sat Apr 20 19:38:52 EDT 2013 Paula & Don Brennecke
32744 Sat Apr 20 19:38:28 EDT 2013 Jeffrey Haslett
32743 Sat Apr 20 19:30:17 EDT 2013 William Ninde
32742 Sat Apr 20 19:29:38 EDT 2013 Sandra Cole
32741 Sat Apr 20 19:22:12 EDT 2013 Michael McEvoy
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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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