"On too big to fail: We'll still have institutions too big to fail. We still have them now -- like Freddie and Fannie. But they aren't too big to wipe out the shareholders. Society has done the right thing with Freddie and Fannie in my view. Nobody has any illusion that the government is protecting them as an equity holder."
There you have it. In your own reference Warren claims you are under an illusion. If you know what an equity holder is.