These spin offs would be regulated by the Federal Deposit Insurance Commission (FDIC), which might well strongly suggest a cap on the leverage that can be used of between 10 and 15 times.

FORBES: The Profitable Way To Break Up The Giant Banks

To prevent a repeat of the credit crunch and market breakdowns we have witnessed over the past two years, extensive rule-making by the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Deposit Insurance Corporation, among others, will be necessary.

FORBES: Dangers Abound As Financial Reform Goes From Blueprint To Bricks

It would establish an oversight board comprised of the chairmen of the Federal Reserve, Federal Deposit Insurance Corp. and the Securities and Exchange Commission.

FORBES: The Bailout