ORLANDO, Fla. — Policy makers need to end the concept of "too big to fail," including revising Senate legislation unveiled this week that could still allow for industrywide rescues, FDIC Chairwoman Sheil Bair said Friday.

Bair told a conference of community bankers that her agency supports efforts to prevent government assistance to individual institutions, as both the House and Senate have considered. Still, she said legislation released this week by Sen. Christopher Dodd (D., Conn.) contains loopholes that need to be fixed.

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