Bank of America faces a hefty fine, but ‘too big to fail' still threatens

``according to the logic of a recent joint decision by the Federal Deposit Insurance Corp. and the Federal Reserve, that is precisely the problem: Any crisis large enough to threaten one bank would probably be large enough to jeopardize them all, making a government bailout inevitable. The FDIC and the Fed thus rejected "living wills"that the 11 largest U.S. banks had submitted under a provision of the Dodd-Frank financial reform law requiring them to plan credibly for orderly liquidation. ''