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LEAVE BOA ALONE!

public_citizen_banner_nyreblog_com_.jpgLucas,

There's no way around it. 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, it will take a sizeable chunk of our economy down with it.

Tell the financial regulators: Break up Bank of America.

The threat is real. Last year, Bank of America's stock plummeted by more than 50 percent. Its exposure to numerous financial liabilities means the bank could reach a crisis point at any time.

The Dodd-Frank Wall Street Reform and Consumer Protection Act gives federal financial regulators 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.

Join our campaign to break up Bank of America, and check out our new video about the problem.

thumbnail photo of Rick Claypool

Thanks for all you do,

Rick Claypool
Public Citizen's Online Action Team
action@citizen.org


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P.S. Public Citizen's financial policy experts have submitted a legal petition to financial regulators, calling on them to use their authority to break up Bank of America. Learn more about the proposal on our blog .

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