AIG is too big to fail! Fanny Mae is too big to fail! Freddy Mac is too big to fail! General Motors is to big to fail!
Perhaps so - but if a company is too big to fail then it is to big to exist. In the late 1800's we created tools to break up companies into smaller entities.
Using the anti-trust laws Standard Oil was broken up long ago. In my lifetime AT&T (Bell Telephone) was broken up into the "baby Bells". More recently there was a failed attempt to break up Microsoft. It would be much better for our prosperity and our posterity if we use the anti-trust laws to break up companies that are too big to fail and to prevent their creation.