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This petition is no longer active.
51-75 of 32990 signatures
Number Date Name Add a Comment
32940 Wed Nov 26 08:07:54 EST 2014 Debra King
32939 Sat Nov 15 20:39:34 EST 2014 JUNE F. CAMPBELL
32938 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!!
32937 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....
32936 Sat Jul 19 21:27:07 EDT 2014 Edward Lewek
32935 Sat Jul 19 14:45:25 EDT 2014 Robert Swiatek
32934 Sat Jul 19 12:53:25 EDT 2014 Armando Guevara
32933 Sat Jul 19 11:34:35 EDT 2014 Carmen Alvarado
32932 Thu Jul 10 11:40:03 EDT 2014 Deborah Anderson Whatever happened to antitrust laws?
32931 Thu Jul 10 11:39:38 EDT 2014 Deborah Anderson Whatever happened to antitrust laws?
32930 Wed Jul 02 20:50:06 EDT 2014 Wynn Wyman
32929 Sat Jun 28 22:51:08 EDT 2014 Madison Wolff
32928 Sat Jun 28 18:42:31 EDT 2014 nick chakos
32927 Fri Jun 06 11:57:23 EDT 2014 Cristina
32926 Sat May 31 22:44:18 EDT 2014 John Spangler
32925 Sat May 31 10:54:59 EDT 2014 Johanna Fritzke
32924 Tue May 27 16:24:10 EDT 2014 Donald Guillory
32923 Fri May 23 10:46:24 EDT 2014 Cynthia Marie Lippman
32922 Thu May 22 15:04:45 EDT 2014 fareed s
32921 Wed May 21 17:00:23 EDT 2014 Tiffany Garrity
32920 Wed May 21 16:38:36 EDT 2014 Charles Renn
32919 Sat May 03 19:00:30 EDT 2014 robert duguay
32918 Tue Apr 22 12:02:05 EDT 2014 Anonymous
32917 Fri Apr 11 16:28:58 EDT 2014 Dianne Comini
32916 Fri Apr 11 15:26:54 EDT 2014 Elizabeth Greisz greisz REMEMBER MY NAME; This should make NATIONAL NEWS!!! I have MUCH FRAUD documentation against BOA that you would NOT beleive (239-390-9126). For EXAMPLE: My ELDERLY MOTHER was SUED for removing More....
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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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