> Peirce had opinion editorials published in The New York Times in 2012[19] and in 2013,[20] wherein she said it would be more sensible to let the market pare the big banks down to size rather than nationalizing them.<p>I that's been proven to be false. Gotta be big like Bofa. Their bond holdings market to market losses are off the charts, but it just doesn't matter because they are too big to fail.