by Harvey Rosenblum, Federal Reserve of Dallas. "We can perpetuate [Too Big to Fail] TBTF, with its inequities and dangers, or we can end it. Eliminating TBTF wonâ€™t be easy, but the vitality of our capitalist system and the long-term prosperity it produces hang in the balance... When competition declines, incentives often turn perverse, and self-interest can turn malevolent. Thatâ€™s what happened in the years before the financial crisis... The term TBTF disguised the fact that commercial banks holding roughly one-third of the assets in the banking system did essentially fail, surviving only with extraordinary government assistance."