For your consideration, a united effort that is being spread through several different mediums.
I "signed" this recently, and ask you to consider doing the same. I personally have committed to giving no bank other than small, local operations my business. Bank of America is not the problem, but the institution has been part of some very negative events in recent years. This company needs to be reprimanded in the only manner they cannot lobby their way out of... by you and me.
By Americans who stand on principle.
By Americans who are unafraid to stand and not bend.
I believe this will, if executed on a large enough scale, send a message that cannot be misunderstood. Print it out and post it. Copy and paste it. Add your name and those of others, and send it to the bank. Whatever.
Get the word out and deny these people your consent. Join us.
Stand and do not bend.
Resist.
Our actions to restore our nation to its original founding principles are coming to a crossroads. We have been divided in our efforts through an inability to focus upon one issue as a whole. Most of our efforts have been (and still are) focused on the 2012 elections and political ideologies. Our nation was founded on Liberty, not political power and agendas. We need a tangible goal now to show that patriots (not partisans) still control our destiny. One goal, one victory will show that We the People are in control of Liberty’s future.
We believe that the recent events surrounding the Bank of America can become this goal to win our first battle. This institution has decided that the 2nd amendment of the Constitution of the United States is not in line with their bank’s code of ethics. We understand that this amendment’s purpose was to protect us from an abusive government. It appears that they feel it may be used to protect us from abusive financial institutions as well. And they may be correct: the distinction between government and financial institutions in our country is gone.
The Bank of America is the country’s largest bank with assets of $2.3 trillion. This bank currently has $75 trillion in credit derivatives.
Here is a list of additional grievances:
This financial institution has been found guilty of laundering South American drug money in 2006 ($7.5 million settlement).
They received $20 billion in US Treasury support with an additional $118 billion government backstop to buy Merrill Lynch.
They
failed to properly disclose employee bonuses and financial losses at
Merrill Lynch before shareholders approved the merger of the companies: $150 million settlement with the SEC.
Bank of America Illegally Foreclosed on Active Service Members’ Homes. Settlement agreement was $20 million.
Their purchase of Countrywide resulted in a loss of $65 billion to stockholders.
They paid $335 million to settle Countrywide’s housing discrimination claims.
They paid $410 million
to settle a class-action lawsuit affecting more than 13 million Bank of
America customers who accused the bank of charging excessive overdraft
fees for electronic transactions.
Bank of America moved approximately$18 trillion
worth of derivative obligations from Merrill Lynch and the BAC holding
company to the FDIC insured retail deposit division. This transfers the
risk from the bank to the taxpayers since the FDIC cannot cover this
amount.
Their executives are major donors to the president’s reelection campaign.
The president will give his acceptance speech for the Democrat nomination for president at the Bank of America Stadium in Charlotte.
Warren Buffett injected $5 billion
into Bank of America for special considerations for stock warrants and a
6% annual return for ten years. This bank's regular personal savings
account pays 0.05% annually.
We propose the following actions to be taken immediately:- Close out any personal or business accounts with Bank of America.
- If you are a business, do not accept their debit or credit cards for purchases.
- Sell your personal stock in this bank.
- If your retirement or mutual fund owns stock in this bank, request that they divest it from their portfolios.
- Help spread this effort in any manner that you can.
- Fill out the form at this link showing what actions you took based on this project.
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