John B. Taylor: “I think it is very important to do something directly about the too-big-to-fail problem.”

The Financial Institution Bankruptcy Act would work better, in my view, as a resolution device than Title II of Dodd-Frank.

Bankruptcy reform is essential to addressing the problem of too big to fail.

The Congress has laid out a strategy to reduce spending gradually over time. I think moving back off of that would be a mistake.

the effect of this too-big-to-fail affects us even now on a relatively calm day, because the giant banks are getting bigger.