Break Up the Banks? Here’s an Alternative

The following article (available here) provides an interesting take on federal bailouts and the "super banks" that have emerged in the past several years. The article states that breaking up these large banks may not be the best way to restrain the power of these large institution. The author writes, "So the logic of cutting down huge institutions could mean splitting the largest ones into several pieces. Yet banks do not always come in easily divisible parts. Such a move could amount to eradicating the largest banks rather than splitting them up — and eradication is both politically unlikely and potentially disastrous for the economy. In short, if the resulting parts of a divided bank cannot turn a profit, the split-up may prompt the very bailout it was trying to avoid." Furthermore the article offers a compelling alternative to breaking up large banks. What's your take on this approach?