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too big to fail

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too big to fail

a concept that certain corporations or financial institutions are so large and interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by government when facing potential failure

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About too big to fail

"Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected with an economy that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure. 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, and similar thinking had motivated earlier bank bailouts.

Facts from Wikidata (CC0). Image by FAndrey via Wikimedia Commons (CC BY 2.0).

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Not who you're looking for? Others named too big to fail: 2011 TV documentary film on the 2008 financial crisis direct · book about the 2008 financial crisis

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