Troubled banks were seized by the Feds ("Nationalized") Those that could be rehabilitated, were run by federal experts until they were made solvent again, and, then merged with healthy banks, or, sold to well financed syndicates.

The idea that today's "TBTF" banks can't be taken over by our federal banking experts, split up into manageable divisions, and merged back into the system is just a Wall St. myth, endorsed, and, promoted by our craven, sold-out politicians.

I'm not the smartest guy to have ever made a living from Wall St, but, I'm smart enough to know our government has some of brightest, and, most capable bank experts, examiners, & managers  in the world. They are up-to-date on the latest technology, and, could make the current crop of sleazy Banksters squeal like stuck pigs.

Finally, some of my friends who go way back with me, and, are still plying their trade on The Street, tell me that those guys are really pi$$ed off at not being given the chance to lock horns with those crooks. These are career cats, not motivated by the money, and, corny as it may sound, believe there still is a place for honor and honesty in our system.