For the millionth time, if they're too big to fail, they are too damned big. What's so difficult to understand? The only thing stopping real change is the steady stream of fat checks for future jobs or political campaigns.
"An additional capital requirement should be calculated using a metric based upon the impact of a firm's failure on the financial system as a whole," Fed Governor Daniel Tarullo said in remarks prepared for delivery to the Peterson Institute for International Economics.
