Too Big to Fail Ends With Wave of a Magic Wand: Jonathan Weil

June 16 (Bloomberg) -- In the words of Sheila Bair, the departing chairman of the Federal Deposit Insurance Corp., the era of too-big-to-fail banks isn’t just ending -- it’s already over. Consider her statement two weeks ago, in a news release heralding the creation of a committee to advise the agency on how to deal with large, dying financial firms:

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