RationalWiki's 2020 Fundraiser

There is no RationalWiki without you. We are a small non-profit with no staff – we are hundreds of volunteers who document pseudoscience and crankery around the world every day. We will never allow ads because we must remain independent. We cannot rely on big donors with corresponding big agendas. We are not the largest website around, but we believe we play an important role in defending truth and objectivity.

If everyone who saw this today donated $5, we would meet our goal for 2021.

Fighting pseudoscience isn't free.
We are 100% user-supported! Help and donate $5, $20 or whatever you can today with PayPal Logo.png!

Donations so far: $3500Goal: $3500

Too big to fail

From RationalWiki
Jump to: navigation, search
The dismal science
Icon economics.svg
Economic Systems

  $  Market Economy
  €  Mixed Economy
  ☭ Socialist Economy

Major Concepts

"Too big to fail" is a descriptor assigned to banks or other large corporations[1] which have such a wide and deep investment in the international stock market that, were any of these institutions to go under, a chain reaction would result that would undermine and potentially atomize the world economy. A more truthful phrase would be "too big to be allowed to fail".

The term originates from Congressional hearings in the 1980's related to the Savings and Loan scandal, but became popular as a kind of meme when Andrew Ross Sorkin used the phrase as a title of his non-fiction accounting of the 2008 crash and the TARP legislation program the American Treasury executed to prevent a cataclysm.


See also[edit]