If regulators can’t fix the too-big-to-fail situation, “we will ultimately have to take more draconian measures and simply break up the largest banking organizations to eliminate the threat they pose to financial stability and economic growth,” Federal Reserve Bank of Dallas president and chief executive Richard Fisher said Monday.

“I trust regulators will rise to the challenges posed by the financial crisis and too big to fail, leaving a legacy of success and providing a practicable infrastructure for next-generation supervision and regulation,” he said.

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