If anybody has any lingering doubts about why we need Band Transfer Day, read on.......
Bank of America transferred 75 TRILLION of derivatives from their investment side to their commercial banking side. This means their highest risk investments are now FDIC insured. YOU, the US tax payers, are now on the hook for their gambling. The entire US debt is 14.5 Trillion. What do you think even a fraction of that 75 Trillion would do to this country?!?
Illegal foreclosures continue, exhorbitant credit card fees continue. Our government will not listen to us. Our government will not take action - so WE MUST. "Too Big To Fail" is TOO BIG. It's up to each and every one of us to TAKE THE BANKS DOWN one account at a time.