If the financial crisis has taught us anything, "it's that no financial institution can ever again become too big to fail. That means any mega-bank remaining standing at the end of this crisis will have to be split up either by voluntary divestitures or by old-fashioned trust-busting. (And yes, that means you Jamie Dimon and Lloyd Blankfein.)" So opines Business Week.

But we're certainly not seeing any moves toward a big break up. The banks that would be the most likely candidates, notably Citigroup, in fact seem to be moving at a very deliberate pace when it comes to asset sales. It makes sense that you could prevent a future trillion-dollar bailout by shrinking the mega banks and making it impossible for any single entity to take on systemic significance, but you get the feeling that the Obama Administration isn't going that route. This will be an issue to watch for as mega-regulation is drawn up in Congress. We'll see if they act to limit the banks in interesting ways, such as a Glass Steagall 2.0 law. 

For more:
- here's the Business Week article

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