Taleb's Ten Commandments

Nassim Taleb made a list of "ten principles for a Black Swan-proof world," and it is bouncing around the econiverse. Felix Salmon wonders how this wish list corresponds with reality:

Taleb’s first principle is that “nothing should ever become too big to fail”. But all economies have too-big-to-fail institutions; they always have, and they always will. Looking at the rest of the list, how on earth do you stop the financial sector from awarding its employees bonuses, or creating complex products? Derivatives are, at heart, bilateral contracts: how can you ban two consenting adults from entering in to such a contract?