Banking Industry Veteran Weighs In On 'Too Big To Fail'

The nation's largest banks today are bigger than they were before the 2008 financial crisis, but are they too big to fail?

That's the question we posed to Chad Gifford former chairman of the Bank of America when we spoke to him last May after his retirement. Gifford had a legendary 50 year career in the New England banking industry. And in our conversation, he said he doesn't think the banking industry has done a good job explaining the importance of big banks.

Chad Gifford, former chairman emeritus of Bank of America, which tweets @BankofAmerica.