"We've ended the too-big-to-fail debate. No longer do I expect any argument to be made that this bill exposes the American taxpayer."

Sen. Christopher Dodd spoke these words after the Senate voted to pass amendments to his financial reform bill, clarifying that taxpayer money would not fund future bailouts.

Unfortunately, the Senate hasn't fixed the underlying problem that gives rise to bailouts: "too big to fail."

We all remember how this works: Enormous, risky, interconnected banks know it's safe for them to take huge gambles. If the bets pay off, they collect big bonuses. If they fail, taxpayers will pick up the tab -- because otherwise, the economy implodes.

Nothing has changed in banking. Citigroup (NYSE: C), Bank of America (NYSE: BAC), and JPMorgan (NYSE: JPM) each hold more than $1 trillion of kindling on their balance sheets. Together with Goldman Sachs (NYSE: GS), Wells Fargo (NYSE: WFC), and Morgan Stanley (NYSE: MS), they control 63% of the nation's GDP (in assets). Wall Street continues to hold our economy hostage. The Senate is promising that the United States won't pay ransoms in the future; but in the ultimate political ransom, it neglected to ban hostage-taking.

Unless we end "too big to fail," banks know that the market cannot hold them responsible for their mistakes. The next time that such a catastrophically huge bank into trouble, we'll face the same dilemma we had in September 2008: bail it out, or risk economic collapse.

OK, so why not just end "too big to fail"?
The SAFE Banking Act recently came up for a vote. This amendment, which would have limited the size of bank liabilities to the $300 billion to $400 billion range, was literally "a vote to end too big to fail."

It didn't pass.

Why did 61 senators vote to preserve -- instead of fix -- the problem? It can't be because megabanks are better for the economy -- there are no efficiencies of scale in banking beyond $100 billion. Nor is it because megabanks charge lower fees to their customers -- they don't.

Instead, Donny Shaw of A New Way Forward discovered that senators who voted to perpetuate "too big to fail" received an average of $3.5 million in campaign contributions from the financial sector during their career -- twice what those who voted in favor of the bill received.

Now, 33 senators did stand up to lobbyists by voting for this amendment. But just as it's important to hold banks responsible for their failures, it's only fair that we hold politicians responsible for theirs. And the vote on this critical issue was buried in a busy news day that included the market flash crash -- presumably in order to shield the 61 senators who voted with Wall Street.

So without further ado, here are the names of the 33 senators who voted to end too "big to fail" -- and of the 61 who voted to preserve it, thus making future economic catastrophes more likely.

The 33 "Yes" votes to end "too big to fail"

Senator

Career $ From Finance

Senator

Career $ From Finance

Sen. Mark Begich [D-AK]

$412,637

Sen. Carl Levin [D-MI]

$2,260,576

Sen. Jeff Bingaman [D-NM]

$1,059,499

Sen. Blanche Lincoln [D-AR]

$2,447,809

Sen. Barbara Boxer [D-CA]

$2,765,288

Sen. Jeff Merkley [D-OR]

$721,157

Sen. Sherrod Brown [D-OH]

$1,620,430

Sen. Barbara Mikulski [D-MD]

$1,301,068

Sen. Roland Burris [D-IL]

$4,900

Sen. Patty Murray [D-WA]

$1,687,337

Sen. Maria Cantwell [D-WA]

$1,878,690

Sen. Mark Pryor [D-AR]

$1,345,008

Sen. Ben Cardin [D-MD]

$2,756,636

Sen. Harry Reid [D-NV]

$4,389,858

Sen. Bob Casey [D-PA]

$1,355,841

Sen. Jay Rockefeller [D-WV]

$2,213,734

Sen. Tom Coburn [R-OK]

$1,078,264

Sen. Bernie Sanders [I, VT]

$181,095

Sen. Byron Dorgan [D-ND]

$1,455,834

Sen. Richard Shelby [R-AL]

$5,371,330

Sen. Richard Durbin [D-IL]

$3,055,424

Sen. Arlen Specter [D-PA]

$6,406,258

Sen. John Ensign [R-NV]

$2,589,370

Sen. Debbie Stabenow [D-MI]

$1,899,835

Sen. Russell Feingold [D-WI]

$990,917

Sen. Tom Udall [D-NM]

$1,062,336

Sen. Al Franken [D-MN]

$1,022,598

Sen. Jim Webb [D-VA]

$563,161

Sen. Thomas Harkin [D-IA]

$2,534,445

Sen. Sheldon Whitehouse [D-RI]

$1,222,607

Sen. Ted Kaufman [D-DE]

$0

Sen. Ron Wyden [D-OR]

$2,658,024

Sen. Patrick Leahy [D-VT]

$615,682

TOTAL

$60,927,648

The 61 "No" votes to preserve "too big to fail"

Senator

Career $ From Finance

Senator

Career $ From Finance

Sen. Daniel Akaka [D-HI]

$556,295

Sen. Mike Johanns [R-NE]

$697,621

Sen. Lamar Alexander [R-TN]

$4,940,775

Sen. Tim Johnson [D-SD]

$3,143,865

Sen. John Barrasso [R-WY]

$295,932

Sen. John Kerry [D-MA]

$18,112,577

Sen. Max Baucus [D-MT]

$4,790,487

Sen. Amy Klobuchar [D-MN]

$734,117

Sen. Evan Bayh [D-IN]

$4,393,347

Sen. Herbert Kohl [D-WI]

$73,950

Sen. Michael Bennet [D-CO]

$835,796

Sen. Jon Kyl [R-AZ]

$3,741,994

Sen. Kit Bond [R-MO]

$3,255,538

Sen. Mary Landrieu [D-LA]

$2,500,584

Sen. Scott Brown [R-MA]

$1,015,364

Sen. Frank Lautenberg [D-NJ]

$3,478,817

Sen. Samuel Brownback [R-KS]

$1,336,269

Sen. George LeMieux [R-FL]

$0

Sen. Richard Burr [R-NC]

$2,988,952

Sen. Joe Lieberman [I, CT]

$10,084,996

Sen. Thomas Carper [D-DE]

$2,311,778

Sen. John McCain [R-AZ]

$33,474,029

Sen. Saxby Chambliss [R-GA]

$3,483,860

Sen. Claire McCaskill [D-MO]

$863,393

Sen. Thad Cochran [R-MS]

$662,234

Sen. Mitch McConnell [R-KY]

$5,247,103

Sen. Susan Collins [R-ME]

$2,273,113

Sen. Robert Menéndez [D-NJ]

$4,151,772

Sen. Kent Conrad [D-ND]

$2,507,437

Sen. Lisa Murkowski [R-AK]

$875,690

Sen. Bob Corker [R-TN]

$3,150,750

Sen. Bill Nelson [D-FL]

$3,213,078

Sen. John Cornyn [R-TX]

$4,597,492

Sen. Ben Nelson [D-NE]

$2,844,056

Sen. Michael Crapo [R-ID]

$1,779,063

Sen. Jack Reed [D-RI]

$2,897,782

Sen. Chris Dodd [D-CT]

$14,367,412

Sen. James Risch [R-ID]

$228,711

Sen. Michael Enzi [R-WY]

$1,087,043

Sen. Pat Roberts [R-KS]

$1,647,286

Sen. Dianne Feinstein [D-CA]

$3,657,556

Sen. Charles Schumer [D-NY]

$15,918,336

Sen. Kirsten Gillibrand [D-NY]

$2,334,456

Sen. Jeff Sessions [R-AL]

$2,158,535

Sen. Lindsey Graham [R-SC]

$1,951,429

Sen. Jeanne Shaheen [D-NH]

$1,046,765

Sen. Chuck Grassley [R-IA]

$2,605,399

Sen. Olympia Snowe [R-ME]

$1,700,184

Sen. Judd Gregg [R-NH]

$1,070,249

Sen. Jon Tester [D-MT]

$603,993

Sen. Kay Hagan [D-NC]

$585,694

Sen. John Thune [R-SD]

$3,636,776

Sen. Orrin Hatch [R-UT]

$2,481,543

Sen. Mark Udall [D-CO]

$1,781,168

Sen. Kay Hutchison [R-TX]

$4,694,038

Sen. George Voinovich [R-OH]

$2,770,340

Sen. James Inhofe [R-OK]

$1,477,202

Sen. Mark Warner [D-VA]

$2,632,766

Sen. Daniel Inouye [D-HI]

$1,453,487

Sen. Roger Wicker [R-MS]

$1,263,098

Sen. John Isakson [R-GA]

$3,849,408

TOTAL

$218,312,780

As one senator recently noted, "banks ... frankly own this place."

I don't know about you, but to me, this arrangement seems outrageous. It's not how free markets or democracies are supposed to work. If you want to let your senators know how you feel about banks gutting Wall Street reform, click here for their contact information.

Fool editor Ilan Moscovitz doesn't own shares of any company mentioned. The Motley Fool is investors writing for investors.