Bigger is better?

The Fed Chairman and many others who supported putting another 30 BILLION into AIG to keep it from failing are saying they are too big to fail because this could cause a failure of the entire system. The failure in the system has already taken place when you have an AIG in it. AIG has become a "sole source provider" in essence to the financial markets and thus these markets suffer the slings and arrows of anyone finding themselves at the mercy of a "sole source provider". The system needs to be re-tooled so that the potential for systemic failure is not in the hands of one provider. We need to build a new system with multiple "sources" so that the failure of any one does not put the entire system at risk. Many must have seen this coming who could have raised the alarm yet no one did. Were they cowards or feeding off of the system. Whichever we have to overhaul the "checks and balances" in the financial system and hold people accountable. Why is no one calling for the heads of those that knew it was happening, especially at the highest levels of many financial institutions, and did nothing about it. Right now we are just talking, talking talking. What we need is to hold people responsible for their actions or inaction's that caused this.