Identify the needs and trends in the macro environment
This is an extremely broad question. In my opinion the trend and the needs are very different. The trend is to loosen monetary policy, usually by the printing of money and keeping interest rates artificially low. So, if our banks were too big to fail in the past, then they are even bigger now.
What is even more troubling is that the international community is doing the same thing. We see this in Europe, Asia and North America. Even this week China may loosen reserve requirements for Chinese banks for the fourth time. Cheap money, lots of it, is the trend.
In my opinion, what we need is austerity. We need to let people default and start over - even nations. I think we are prolonging the problem and pushing it off to another time. This is neither wise, nor fair to future generations. We cannot keep bailing people out. We need to take a stand at one point. Why not now?