As the United States government is trying to put the country's financial house in order, there has been a rising call for the downsizing of banks.

The common notion that some banks are simply "too big to fail" has brought to the forefront the issue of moral hazard. Critics note that the failure of the proposed government reform plan to address the bank size issue could negate its entire effort to prevent a repeat of the 2008 credit crisis from happening again in future.

In an article published in the South China Morning Post, Kevin Rafferty, former managing editor at the World Bank, warned that the US financial system is still at the risk of meltdown.