The financial crisis of 2008 and 2009 gave rise to Dodd Frank and other government legislation to prevent a similar occurrence initiated by a failure of a large financial institution(s). The overall theme was termed “too big to fail”. We think the efforts have fallen short. The financial system continues to have concentrations of risk. One example: 91% of all bank owned derivatives were held by just 4 banks at the end of 2015 according to the Comptroller of the Currency. The total value of Derivatives is very large. If one of the 4 banks encounters severe financial problems, we have little doubt, the U.S. Government will again be forced to step in to bail it out.