Break up the Bank of America
|FROM THE CENTER FOR MEDIA AND DEMOCRACY: |
Take Action: Tell President Obama to Break up Bank of America!
Something reeks at Bank of America. This behemoth bank has assets equivalent to 15% of our entire economy. So why are its shares trading in the $5 range? Because BofA is a zombie bank. And now this zombie is trying to move $22 trillion in dangerous derivatives from one division into its FDIC-insured division. Tell President Obama, no more bailouts! Break up Bank of America before it breaks us.
Break up Bank of America Before It Breaks Us
On December 19th, Bank of America (BofA) stocks briefly traded for under $5. Yes, you could buy a share of BofA for less than the noxious debit card fee they tried to force down your throat.
BofA is massive, with assets equivalent to 15 percent of U.S. GDP. So why is it trading for the price of a latte?
Because Wall Street's dirty little secret is that BofA is a zombie bank. Now the reek is getting too strong to ignore.