I Thought Republicans Were Anti-Regulations

In this NYT article, John Huntsman lays out a pretty good argument for preventing future bailouts.
The Huntsman Alternative
In a nutshell, to prevent the government from having to bailout more banks in the future, he sets regulations to prevent banks from getting too big to fail. While the argument does sound like a nice start, the regulations he outlines aren't nearly comprehensive enough to prevent banks from getting to the size they are now. Not only that, but his proposal seems to have a big hole.. What to do with the banks that are already too big to fail?
Huntsman's ideas are a good start, and could lead to some worthwhile discussion, but it's certainly not enough to get him close to the primary.