Break Up Bank of America
Sign the Petition to Support the Shareholder Motion Against Too Big to Fail
Public Citizen's financial reform expert, Bartlett Naylor, has filed a motion to break up Bank of America — and the U.S. Securities and Exchange Commission has agreed that the motion should be decided by the bank’s shareholders at their annual meeting in a few weeks.
A financial institution is considered too big to fail when it implicitly threatens to take down a sizeable chunk of the U.S. economy if (or when) it fails or, alternately, puts taxpayers on the hook for bailing it out.
We’ve set our sites on Bank of America because, even among “the too-big-to-fail” banks, it is especially vast, complex and unstable — too big to manage and too big to regulate.
Please join us in urging Bank of America’s shareholders to break up the bank so that American taxpayers are never again held hostage to out-of-control Wall Street behemoths.
Sign the Petition to Break Up Bank of America
We, the undersigned, urge Bank of America shareholders to VOTE YES on Proposal 8 on the firm’s 2015 proxy statement. Proposal 8 would initiate the work of splitting the firm into two or more companies. Such a separation would reduce the risk of another financial meltdown that harms depositors, shareholders and taxpayers alike.
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