Too Big to Fail = Too Big to ExisQuicklink submitted by Mari Eliza Permalink
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|This is one of the funniest protest songs in a while. 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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