"Too Big Too Fail" Bill Unveiled By Treasury Department, House Dems
The Treasury Department and the House Financial Services Committee chairman Barney Frank (D - Mass.) last night unveiled a sweeping new bill that attempts to rein in "too big to fail" financial institutions. The proposed legislation, its authors argue, would end the era of taxpayer bailouts for failed firms.

In essence, as the blog Volatility put it, the bill would force large banks and other financial firms to contribute to a "financial superfund," so that they, instead of taxpayers, would foot the bill for the failure of immense institutions.

http://www.huffingtonpost.com/2009/10/28/t...v_n_336554.html