The next candidate for a US Fed/Treasury bail out? Because they are to “big” to fail.
The oil slump, however, exacerbates Russia’s already severe economic problems. Since May Russian markets have lost 70% of their value. Russia’s central bank, meanwhile, has been spent $57.5bn in two months trying to prop up the country’s ailing currency.
We tend to focus on the US economy not taking into account the fact that even though we don’t like it we are tied to other countries, China, Russia and Europe, to the point that the mistakes and failing that occur there also can and do affect us in subtle ways and sometimes not so subtle. Integrating the factors of the US economy and trying to predict what will happen is difficult enough let alone trying to adjust to all that is happening with other economies.
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It seems to me that companies “too big to fail” should be treated as monopolies, with all that implies.
“Too big to fail” is a well-diversified mega-corp, a monopoly, or a pipe dream.
“Too big to be allowed to fail” is a political statement relating more to the speaker’s well being than the nation’s.