George Will says it is time to break up the big banks

And I agree with his op-ed putting forth that position:  Break up the big banks. As Will points out so well, the current practice of businesses being "too big to fail" does nothing more than propagate "the pernicious practice of socializing losses while keeping profits private[.]" A break up of the giant banks, far from hindering capitalism and the free market, would release the competitive forces of the market from the constraints imposed by the government-supported forces of these giant conglomerates, as Will notes:

By breaking up the biggest banks, conservatives will not be putting asunder what the free market has joined together. Government nurtured these behemoths by weaving an improvident safety net and by practicing crony capitalism. Dismantling them would be a blow against government that has become too big not to fail.

Big government and big business travel together hand in hand. Can't have one without the other. Encouraging competition and conditions that enforce responsibility on the part of business is good for the free market and good for consumers. Breaking up the big banks and ending the cycle of big government bailouts of big business would be steps in the right direction.