If the public is going to continue to provide insurance to these private business we need to charge appropriate premiums for the risk we’re taking on and demand full disclosure of any activities that expose us to risk so we can establish the correct premium. Without free public insurance, these TBTF institutions will disappear due to the “natural market forces” they so claim to love when the benefits accrue to them. We can no longer afford to provide this subsidy; as if we ever could.

This is like saying if we continue to perform surgery in the bathroom at the Vince Lombardi rest stop (NJ) then we should wash our hands before the first incision. The issue isn’t washing of hands, the issue is performing surgery in a truck stop restroom. These banks are too big to fail, they know it, Wall St knows it, the president knows it, and the people know it. They need to be broken and split or taken over. It is shocking that this administration failed to rectify it.