WASHINGTON — Federal Deposit Insurance Corp. Chairman Sheila Bair spent one of her last congressional hearings trying to convince skeptical Republicans that "too big to fail" has finally been eliminated.

During the hearing, Bair fielded questions on a multitude of topics, including overzealous examiners and the impact if Congress did not extend the U.S. debt ceiling. But she spent most of her time defending the Dodd-Frank Act's new resolution system for systemically important institutions.

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