The commercial banking structure in the US has changed a great deal in the past 30 years. Today the market structure of banking is that of a small set of globally huge banking behemoths (JP Morgan/Chase, Bank of America, Citigroup, Wells Fargo, etc.) and a much larger set of smaller banks. Since the Great Financial Crisis, the big banks have been characterized as 'too big to fail' and face their own set of bank regulations. The smaller banks have been subjected to less regulation and oversight, which may have contributed to recent bank failures.

Question:

Research and discuss the wisdom of having financial institutions that are recognized as 'too big to fail' and the moral hazard this might present to the economy at large.

Use evidence to support your response and incorporate formatted in-text citations and references to credit your sources.