"'We need to get rid of too big to fail,' says Allan Meltzer, professor of political economy at Carnegie Mellon University in Pittsburgh. 'It perpetuates a system where bankers make profits and the public takes losses. We want to put responsibility back on bankers.' ... Speaking of Fannie Mae and Freddie Mac, Meltzer says ... 'We should take Fannie asnd Freddie and close them down'," Carolyn Baum at Bloomberg, 23 June 2009, link: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a05rHorIdIzg.
Why not Larry? Whose pocket are you in anyway? Decades ago our Republic existed with smaller banks. Why can't we today? Other People's Money originally appeared as a series of articles in Harper's in 1913. The problems Brandeis wrote of still plague us today. Yes, ED such institutions should be busted up. Now.