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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26-50 of 32990 signatures
Number Date Name Add a Comment
32965 Sat Aug 15 11:41:34 EDT 2015 Christopher Markham
32964 Sun Aug 02 19:49:37 EDT 2015 Mark Webb Too big to fail is an unsafe idea and proposition that is the result of deregulation and must be reined in to maintain the economic and social stability of the country.
32963 Mon Jun 08 19:43:48 EDT 2015 GLORIA RUDOLPH 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 More....
32962 Sat May 16 20:30:48 EDT 2015 Maria Albarracin People Over Profits!!!
32961 Mon Apr 20 00:51:05 EDT 2015 Anonymous
32960 Thu Apr 02 14:32:43 EDT 2015 disgruntled American
32959 Tue Feb 03 14:50:45 EST 2015 Edward Jones Bank of America is too big. Break up into smaller companies. Its hurting the US. Time to end.
32958 Tue Jan 20 20:09:52 EST 2015 Anonymous
32957 Sat Jan 03 08:15:00 EST 2015 Yahel Johnson
32956 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....
32955 Mon Dec 15 15:18:28 EST 2014 Chrsitina Irwin And all the other "too bib to fail banking corporations"
32954 Fri Dec 12 19:44:20 EST 2014 Karen Arnheiter
32953 Sun Dec 07 20:14:15 EST 2014 Briana Ireland
32952 Wed Nov 26 08:07:54 EST 2014 Debra King
32951 Sat Nov 15 20:39:34 EST 2014 JUNE F. CAMPBELL
32950 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!!
32949 Sun Jul 20 10:33:05 EDT 2014 Drs Paul and Mary Davidson 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....
32948 Sat Jul 19 21:27:07 EDT 2014 Edward Lewek
32947 Sat Jul 19 14:45:25 EDT 2014 Robert Swiatek
32946 Sat Jul 19 12:53:25 EDT 2014 Armando Guevara
32945 Sat Jul 19 11:34:35 EDT 2014 Carmen I Alvarado
32944 Thu Jul 10 11:40:03 EDT 2014 Deborah Anderson Whatever happened to antitrust laws?
32943 Thu Jul 10 11:39:38 EDT 2014 Deborah Anderson Whatever happened to antitrust laws?
32942 Wed Jul 02 20:50:06 EDT 2014 Wynn Wyman
32941 Sat Jun 28 22:51:08 EDT 2014 Madison Wolff
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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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