FDIC's Sheila Bair on Bank Failures and Too-Big-To-Fail

In this article, Sheila Bair (chairman of the Federal Deposit Insurance Corp) gives her perspective on the present state of banks and other financial institutions. She talks about how the small banks are equally important as the too-big-to-fail financial institutions. She says that the losses incurred by these large institutions should be shared upon by their shareholders and creditors rather than taxpayers.