Living wills are critical to eliminating or minimizing the threat of too-big-to-fail, but the process to date has been far too opaque for anyone to determine if the “living wills” that have been submitted are credible or will do the job as intended. The Dodd Frank Act provided regulators with substantial authority and powers to ensure that living wills are credible. To breathe life into the “living wills” process, the Fed and the FDIC must take these very important, concrete steps to make the process much more transparent and credible if they to succeed and ending too-big-to-fail.