Too Big to Fail

Know about the book -

Too Big to Fail is written by Benton E. Gup and published by Bloomsbury Publishing USA. It's available with International Standard Book Number or ISBN identification 0313017425 (ISBN 10) and 9780313017421 (ISBN 13).

Usually associated with large bank failures, the phrase too big to fail, which is a particular form of government bailout, actually applies to a wide range of industries, as this volume makes clear. Examples range from Chrysler to Lockheed Aircraft and from New York City to Penn Central Railroad. Generally speaking, when a corporation, an organization, or an industry sector is considered by the government to be too important to the overall health of the economy, it will not be allowed to fail. Government bailouts are not new, nor are they limited to the United States. This book presents the views of academics, practitioners, and regulators from around the world (e.g., Australia, Hungary, Japan, Europe, and Latin America) on the implications and consequences of government bailouts.