`Citi Weekend' Shows Too-Big-to-Fail Endures: Simon Johnson

Democrats like to say that the Dodd- Frank financial overhaul legislation ended the problem of too big to fail because large failing financial institutions can now be wound down in an orderly manner.

Republicans, including those now running the House Financial Services Committee, dispute that the Dodd-Frank resolution framework is workable and insist that if big banks get into trouble on their watch that they will be allowed to go bankrupt.