Sheila Bair: JPMorgan Debacle Signals That Big Banks 'Too Big To Manage'

JPMorgan's $2 billion trading loss is proof that the big banks need to be broken up, former financial regulator Sheila Bair said on CNN on Monday.

"I think it does underscore that even with very good management these institutions are just too big to manage," Bair told CNN.

Bair, who served as chair of the Federal Deposit Insurance Corporation unt