Too Big To Fail 2.0: This Time It's Personal Finance. And Just About Everything Else.

As the one-year anniversary of TARP chugs into view, Reason.tv's Nick Gillespie sat down with Reason Foundation policy analyst Anthony Randazzo to look at the next round of comprehensive financial regulations being crafted in Washington, D.C.

The short version? Get ready for government oversight of just about every burp, hiccup, and fart in the economic system, from payday loans to "systemic risk." Three major proposals are high on President Barack Obama's fall agenda and if pending legislation passes, says Randazzo, the government will create a multi-tiered system for identifying financial institutions that are explicitly "too big to fail." The likely result? Far less choice and innovation for consumers and industry alike, a slower and weaker recovery, and a huge bill for taxpayers.

For more details, read Randazzo's new study, "The Future of Too Big To Fail and Bailouts."

Related videos: George Mason University and Mercatus Center scholar Todd Zywicki on "The Next Great Leap Backwards for Consumer 'Rights'" and "Turning Japanese: Is America creating its own Lost Decade?"

Scroll down for embed code and downloadable versions. Approximately 9 minutes. Shot by Dan Hayes and Meredith Bragg and edited by Dan Hayes.