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

Sufficient unto the day...12/22/2013 7:40:34 am PST

And here’s the first problem with it

“Assuming that the institution isn’t in truly dire shape and hasn’t misstated its assets and liabilities (as firms essentially did before the financial crisis)”

OK, so assuming TBTF banks are both honest AND correct about the valuations of their assets in the future, we might be onto something…if you are not laughing hysterically at that concept of them being either honest OR correct, I suggest you take time to review how we got into that mess.