The Next Lehman Brothers

The Economist puts Dodd-Frank to the test in an extensive simulation of a banking crisis (click through for the full two hours). Stephen Gandel's takeaway: 

Dodd-Frank doesn't end Too Big to Fail. The only one on the panel who wanted to discuss putting the fake troubled bank into bankruptcy - which would be actually allowing it to fail - was Jerome Powell, who had been an undersecretary of the Treasury under George H.W. Bush. And even he said he thought Dodd-Frank makes it tougher to allow banks to fail, not easier.

(Graphic from Mother Jones. Click to enlarge.)