Too Big To Fail

I posit that if all of these firms being bailed out are all too big to fail (AIG, Citi, GM, more coming) then should there not be effects to parcel these firms into smaller units?

Ludwig Von Mises, Socialism, p45

If the State takes the power of disposal from the owner piecemeal, by extending its influence over production... then the owner is left at last with nothing except the empty name of ownership, and property has passed into the hands of the State.