... for many Americans to imagine politi-cal leaders sticking to their anti-TBTF guns, especially if they face a too-many -to- fail situation again.) If the new law lacks credibility, the risky ... further weaken and may need to be broken up, their viable parts sold off to competi-tors. With the industry already too concen-trated, it’s important to redistribute these banking assets in a ... insti-tutions. In the future, the ultimate decision won’t rest with the Fed but with the Trea-sury secretary and, therefore, the president. e shift puts an increasingly political cast on whether to rescue...