Too Big To Exist

JPMorgan Chase: Too Big To Exist - Seeking Alpha
One quote from that Dallas Fed report underlines the scope of the danger that we narrowly escaped just a few years ago.
"The term 'too big to fail' disguised the fact that commercial banks holding roughly one-third of the assets in the banking system did essentially fail, surviving only with extraordinary government assistance."
That government assistance either comes out of your pockets and mine or those of our grandchildren or their grandchildren.
 Notwithstanding how much of that assistance has been recovered this time through the continuing largesse of essentially free money from the Fed, it must never occur again.