Elizabeth Warren

It is an "implied" benefit. The banks are able to gain financial advantage over their smaller competitors simply because everybody assumes that the next time we get into meltdown mode, the taxpayers will bail out the "too big" banks again.

Please note that nearly half the Senators who voted in favor of this empty rhetoric have also blocked getting a real person in charge of the agency that would actually make that happen.

At least Dodd-Frank theoretically contains a funding measure that would spare the taxpayers the next time a bailout is needed. But the banksters keep gambling larger and larger amounts, so the D-F provisions would probably not help much in reality.

The only real answer is to make those banks live by the rules of capitalism. If they gamble and lose, let them die. And the problem with that, of course, is that they have INTENTIONALLY commingled the casino bets with ordinary deposits of individuals and honest businesses. The answer is as obvious today as it was 81 years ago. Simply reinstate Glass-Steagel.
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act

It isn't that complicated. Many people in high places in the finance industry have come around to that position already.

Make them split off the casino banks. And let the casinos, and the gamblers that give them money, fail.

Hell, you barely have to even change the language. 95% of what Glass and Steagel wrote in 1933 is still valid today.