Stephen  Lubben at the New York Times blog Dealbook reports on the demand of at least one consumer group to go Standard Oil/ US Steel on Bank of America.

Money quote:

In a petition to Treasury Secretary Timothy F. Geithner and Ben S. Bernanke, chairman of the Federal Reserve — who are the chairman and vice chairman of the Financial Stability Oversight Council, respectively — the group argues that the bank is too big to be either governed or regulated, and represents a real risk to the financial system. They are urging Mr. Geithner and Mr. Bernanke to use their power under Dodd-Frank to dismantle the bank, in a manner somewhat reminiscent of the breakup of AT&T three decades ago.

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