Financial obesity: Survival of the fattest

Recently Richard Fisher, President of the Federal Reserve Bank of Dallas, gave a speech at Columbia University about the sorry state of many U.S. banks, particularly the biggest ones. The ones that have been considered to-big-to-fail. Fisher makes many interesting points. However he seems to rely on the implementation of follow-on regulation from Dodd-Frank to occur. That seems optimistic.
This is a good read.
Richard Fisher speech