More on TBTF: Quick Rejoinder to Mike Konczal

Mike Konczal has picked up on my post responding to his piece on too big to fail. Just to give folks a quick orientation, the point of entry here was a Paul Krugman post saying that Dodd-Frank had largely ended too big to fail (TBTF), which linked to Mike's piece.

Before getting to any of the nitty-gritty, I am not sure that we are actually arguing over anything. Mike's intro says:

"My point isn’t to say that the subsidy is completely over. Nor, as I’ll explain in a bit, is it to say that TB...