STOP the transfer of $55 Trillion in derivatives into BOA FDIC accounts!
STOP the transfer of $55 Trillion in derivatives into BOA FDIC accounts!
The Issue
The latest bank scam - The big investment banks are each transferring tens of TRILLIONS of dollars in derivatives (risky bets) into FDIC government insured accounts. For example --Merrill Lynch (now owned by Bank of America) is transferring $55 TRILLION OF DERIVATIVES into Bank of America FDIC accounts. FDIC bank accounts were designed to insure safe --savings accounts, not risky-bet derivatives. If Merrill Lynch and the 1% make money on derivatives they pocket the profits. If they lose, they transfer the loss to us -- the 99% taxpayers and then the 1% still make money. We, the 99%, need to tell the 1% and Merrill Lynch, and those in Washington that are charged with regulating these Banksters.
TAKE YOUR DERIVATIVES OUT OF FDIC ACCOUNTS.
WE WILL NOT BAIL YOU OUT AGAIN!
NO MORE BANKSTER BAILOUTS!
The Issue
The latest bank scam - The big investment banks are each transferring tens of TRILLIONS of dollars in derivatives (risky bets) into FDIC government insured accounts. For example --Merrill Lynch (now owned by Bank of America) is transferring $55 TRILLION OF DERIVATIVES into Bank of America FDIC accounts. FDIC bank accounts were designed to insure safe --savings accounts, not risky-bet derivatives. If Merrill Lynch and the 1% make money on derivatives they pocket the profits. If they lose, they transfer the loss to us -- the 99% taxpayers and then the 1% still make money. We, the 99%, need to tell the 1% and Merrill Lynch, and those in Washington that are charged with regulating these Banksters.
TAKE YOUR DERIVATIVES OUT OF FDIC ACCOUNTS.
WE WILL NOT BAIL YOU OUT AGAIN!
NO MORE BANKSTER BAILOUTS!
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Petition created on October 30, 2011