From CNBC: 'Too Big to Fail' Doctrine Must End: FDIC's Bair

*let's face it folks, nothing will be done going forward, UNLESS, the market crashes again to test the lows of March and then some. But wait, I digress..Oh yes, I am skeptical. As long as there are bankers lobbying their friends in Congress, then the Government of GS will rue the day. That pitchfork is looking mighty light these days. If all else fails, you can still eat at Mickey D's for under $5.........And if you think I am wrong about getting things to change just read this..

My stars, how did they get so big in the first place?

“Clearly, there has been moral hazard and lack of market discipline fed by the 'too big to fail' doctrine, and this in turn has been fed by the lack of resolution mechanism that really works for very large financial organizations and this has been a central focus of ours,” [Sheila Bair, chairman of the Federal Deposit Insurance Corp] said in an interview on CNBC.
...
“[Obama’s regulation is] a good opening to the process,” said Bair. “I commend the President for getting personally involved in this and taking leadership and putting his own considerable influence behind the efforts…We’re still analyzing the whitepaper and want to work with the administration and Congress constructively on this.”
...
“[The FDIC] is guaranteeing over $6 trillion right now,” she said. “The FDIC has tremendous exposure to the system so we would like a real say on systemic risk issues. [Reform overhaul] is an institutional issue, not a turf issue or a personality issue.”