TALKING STOCK
RICARDO SMITH: Big tech — and why it may be just too magnificent to fail
16 February 2024 - 05:00
The concept of too big to fail refers to certain financial institutions, typically large banks, or financial firms whose collapse could trigger widespread financial instability, are deemed so integral to the functioning of the economy that their failure would have catastrophic consequences.
Governments often intervene to prevent their failure, using measures such as bailout or regulatory protections...
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