Too Big Too Fail, Too Privileged To Prosecute, Too Insignificant To Succeed
Kiko's House (Free subscription) | 10/27/2009
... cartoonists. "Too Big To Fail" became the catch term for the idea that the AIGs, Morgan Stanleys, Washington Mutuals and Freddy Macs and Fanny Maes are so large and so interconnected that the federal government cannot allow them to go under because that would have a disastrous effect on the economy. The term was soon applied to non-financial sector and insurance companies...