Will Dodd-Frank really end Too Big To Fail?

It's too early to know for sure, but it appears that there are provisions in the bill that could seriously impair the ability of the government to prevent a future systemic collapse. 

Under "ENDING TOO BIG TO FAIL BAILOUTS", there appears:

• language which appears to limit the ability of the FDIC from guaranteeing bank deposits
• reference to losses by unsecured creditors in the liquidation of large banks
• a requirement that large institutions file self-liquidation plans
• limitations on the Fed's emergency lending powers. 

What does this all mean? Does this mean that a future president will have to choose between breaking the law and a systemic collapse, or will there be sufficient loopholes? 

There is a lot of good stuff in the bill in terms of reducing risk in the system and preventing future crises. But there will still be crises in the future, and we may not have the toolbox when need when it happens. Right now all we have is a summary released by Barney Frank. It will be a while before we know more.