Federal Deposit Insurance Corporation chair, Sheila Bair blasted critics of attempts to change the US financial system and end 'too big to fail' attitudes.

Speaking to an audience of academics, bankers and regulators at the annual conference on bank structure and competition, sponsored by the Chicago Fed, on Thursday she said: "It's easy to be a doubter and simply resign yourself to the idea that it is just too difficult, and that we will never be able to really put an end to too big to fail."

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