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This petition is no longer active.
76-100 of 32990 signatures
Number Date Name Add a Comment
32915 Tue Feb 25 23:19:31 EST 2014 Anonymous
32914 Mon Feb 24 09:34:32 EST 2014 Susan Sanocki
32913 Mon Feb 24 09:34:31 EST 2014 Susan Sanocki
32912 Mon Feb 24 09:34:29 EST 2014 Susan Sanocki
32911 Mon Feb 24 09:34:28 EST 2014 Susan Sanocki
32910 Mon Feb 24 09:34:27 EST 2014 Susan Sanocki
32909 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....
32908 Wed Feb 19 21:18:10 EST 2014 Anonymous Our business channel just reported a $14 million package for 2013,for their CEO.
32907 Sat Feb 15 18:46:15 EST 2014 David Whitney Flat out no-brainer.
32906 Mon Feb 10 18:45:03 EST 2014 Dalton Wisnefski They must be stopped.
32905 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.
32904 Sun Feb 02 19:53:10 EST 2014 Alyssa Paulson
32903 Fri Jan 31 14:49:01 EST 2014 melissa miller
32902 Fri Jan 31 11:29:02 EST 2014 Gregory Wilson
32901 Fri Jan 31 08:58:15 EST 2014 Carmen Alvarado
32900 Fri Jan 31 08:57:57 EST 2014 Carmen Alvarado
32899 Thu Jan 30 11:47:07 EST 2014 Anonymous
32898 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.
32897 Sat Jan 25 16:26:33 EST 2014 Donald Galivan
32896 Thu Jan 23 13:10:41 EST 2014 Warren Winter This should have been dealt with a long time ago!
32895 Sun Jan 19 05:17:20 EST 2014 Brianna MacLellan
32894 Sat Jan 18 19:32:57 EST 2014 Jason Jones
32893 Fri Jan 10 13:13:00 EST 2014 Brandon Kushner
32892 Mon Jan 06 19:51:41 EST 2014 Carmen Alvarado
32891 Mon Jan 06 12:08:55 EST 2014 Bruce Hlodnicki
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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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