"For my money the first thing that should have been
done would have been to re-enact Glass Steagall and
re-segregate the banking industry from wall street
from the insurance industries. If there was a banking
(or financial institution) deemed 'too big to fail',
it should have been broken into small pieces any or
all of which could have been allowed to fail."
Well, well - here is someone who thinks as I do. I might add to your 'deemed too big to fail' group - insurance company.