Too big to succeed?
2009; Springer Science+Business Media; Volume: 10; Issue: 3 Linguagem: Inglês
10.1186/gb-2009-10-3-103
ISSN1465-6914
Autores Tópico(s)Global Financial Regulation and Crises
ResumoWe hear the phrase 'too big to fail' a lot these days.It means a company that is so vital to the national economy that its demise would be catastrophic, so the government will go to extraordinary lengths to keep it afloat.General Motors Corporation, the sinking US car maker, is said to be too big to fail.Lehman Brothers, the investment bank whose collapse precipitated financial crises around the world, was too big to fail -although George W Bush's Secretary of the Treasury, Henry Paulson, didn't realize that in time.And, as the world credit market tries to become unstuck before a global depression sets in, we hear the same thing about two US bank holding companies, Bank of America and Citibank.
Referência(s)