Let's beat a dead horse until it speaks.
Too big to fail means no consequences for any actions, complete immunity. It means that Vegas (I mean our elected government) just gave you an unlimited supply of chips to play as you please. It means that bankers rule the world, not the people through our own governments.
Yeah, I don't see that turning out very well. What are they going to do about all of these insolvent banks? I believe Max Keiser is correct here, they're going to centralize even more power into their unaccountable hands with the help of governments across the western world.