By Sherrod Brown, U.S. Senator (Contact)
To be delivered to: The United States House of Representatives and The United States Senate
Big Wall Street megabanks are still putting American taxpayers at risk.
Big banking institutions like Bank of America and Citibank carry more assets than they have capital to cover. That means that if those assets go south, the banks can't recover on their own. And when a bank's failure means the failure of the American economy, the taxpayers are forced to step in.
It's called "Too Big To Fail." It should also be called "too risky for the American economy" and "too reckless to continue."
This is the practice that brought our economy to the brink once before. That's why I have a new, bipartisan plan to end Too Big To Fail, and break up Wall Street megabanks for good. It would require that banks carry enough capital to cover their own losses, or force them to downsize so that they are no longer a risk to the American economy.
This is a common sense solution -- but I need all of us to help. So sign your name today, and make sure members of Congress know that you're in favor of the ending "Too Big to Fail."
Privacy Policy (the basics): SignOn will never sell your personal information to anyone ever. For petitions, letters to the editor, and surveys you've signed or completed, we treat your name, city, state, and comments as public information, which means anyone can access and view it. We will not make your street address publicly available, but we may transmit it to your state legislators, governor, members of Congress, or the President as part of a petition. SignOn.org and MoveOn.org will send you updates on this and other important campaigns by email. If at any time you would like to unsubscribe from our email list, you may do so. For our complete privacy policy, click here.