What are the costs and benefits of a too-big-to-fail policy?

1. What are the costs and benefits of a too-big-to-fail policy?
2. Given the set of new regulations included in the Dodd-Frank Act of 2010, do you think this was an easy bill to pass? Discuss reasons why financial industry lobbyists argued against the passing of such regulations.
3. Go to http://www.fdic.gov/regulations/laws/. This site reports on the most significant pieces of legislation affecting banks since the 1800s. Describe the most recently enacted bank regulation, you believe, listed on this site.

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