The Big Banks Broke Our Economy. Now We Should Break Them Up.
Join 75,000 who want to break up the banks and restore our democracy.
We Can Restructure Our Economy
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, citizens, rebel against corruption between the big banks and the government. Unemployment is too high. Fees are hidden and high. Lending practices are unfair. The fundamental structure of our economy is off. We believe in decentralized economic power, innovators, small business, healthy communities, and citizens who control their own collective destiny.
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Plunder: The Crime of Our Time
Plunder: The Crime of Our Time is a hard-hitting investigative film by Danny Schechter. The "News Dissector" explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed.
"I used to think of Wall Street as a financial center. I now think of it as a crime scene." -- Plunder Director Danny Schecter
SIGN The 75,000 STRONG Public Plan
Break up the Big Banks and fix the market failures created by a big bank economy, create the level playing field that stimulates jobs for every American. 75,000 people already agree. Dominating banks mean dominating political power and kickbacks that hurt the average American. Government should get out of the way of a true free market, where small and medium-sized businesses can grow. Let's follow in the great American traditional distrust of concentrated power, of the “too big to fail” banks, and to begin a new tradition for structural reform. How do we break up the banks? Read and Sign onto the plan here.
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.