TOOBIGTOFAIL

Too big to fail

The "too big to fail" theory asserts that certain financial institutions are so large and so interconnected that their failure would be disastrous to the economy, and they therefore must be supported by government when they face difficulty. The colloquial term "too big to fail" was popularized by U.S. Congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois. The term had previously been used occasionally in the press.

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Too Big to Fail

Too Big to Fail is a U.S. television drama film first broadcast on HBO on May 23, 2011. It is based on Andrew Ross Sorkin's non-fiction book Too Big to Fail. The film was directed by Curtis Hanson. It received 11 nominations at the 63rd Primetime Emmy Awards; Paul Giamatti's portrayal of Ben Bernanke earned him the Screen Actors Guild Award for Outstanding Performance by a Male Actor in a Miniseries or Television Movie at the 18th Screen Actors Guild Awards.

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too big to fail

Adjective

  1. Pertaining to an enterprise deemed too important to the economy or polity to be allowed to “fail”, that is to be liquidated or to go bankrupt.
    In these efforts, we aim not only to make the financial system better able to withstand future shocks but also to mitigate moral hazard and the problem of "too big to fail," by reducing the range of circumstances in which systemic stability concerns might prompt government intervention.


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