Break Up The Big Banks Now!

The assets of the four biggest banks equal 50% of GDP. The top three equal 44% of GDP. That's way too much concentration of power and wealth.

4 DANGERS OF THE BIG BANKS

1. Big banks are dangerous to our democracy. They have drowned out 95% of Americans, turned government into a feeding trough for the financial elite, and turned economic growth into deficit.

2. Big banking is so dangerously large that too much of America's wealth is tied up in it to serve the wealthy few.

3. Big banking is the biggest lobby and dangerously lobbies against the majority, to make dangerous practices legal. Big banking controls more than 40% of GDP as profit. There is little competition and they can overprice -- their highest fees and rates go to create cycles of debt.

4. Big banks dangerously invest in more big banking, and do very little lending to small and medium businesses -- the real engine for jobs and a safe and prosperous economy. Breaking them up and closing the feeding trough means opening up the market to many more small and medium sized banks and small and medium-sized businesses and jobs for people.

The interest rates and fees big banks are charging are servitude legalized by Congress. If Congress won't reign in the abuses of the big banks, we must! What's the formula for change? The only way towards a real economy with low unemployment is to break up the big banks, to end their dangerous practices and fees. The financial industry has grown so big that their profits now eat up 40% of all profits. We, consumers, rebel against corruption between the big banks and the government. We want consumer emancipation.

Sign the petitions to break up the big banks!

http://salsa.democracyinaction.org/o/1312/p/dia/action/public/?action_KEY=3045

http://act.boldprogressives.org/act/petition_breakup/?source=ty