A conservative proposal to deal with 'Too Big To Fail'

Obdicut (Now with 2% less brain)12/22/2013 2:53:36 pm PST

re: #18 Dark_Falcon

A regularized and less customized bankruptcy seems less prone to shenanigans and favoritism of various types.

Let me repeat myself:

What is at all decent about the plan, or in any way superior to the current situation? Please be as specific and detailed as possible, and avoid ideological language and suppositions.