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'Too big to fail' is only said about companies that didn't collapse yet though. But such companies also failed already. Enron, Arthur Andersen, WorldCom comes
by rickdeckard 1y ago
'Too big to fail' is only said about companies that didn't collapse yet though.
But such companies also failed already. Enron, Arthur Andersen, WorldCom comes to mind. Even Blockbuster could be on that list...
- lazide 1y agoThe take away is they weren’t big enough to have enough leverage eh?
- rickdeckard 1y ago> The take away is they weren’t big enough to have enough leverage eh? This reasoning has some parallels to "everything that can't be explained by science must be god". It stays valid even when proven wrong...
- lazide 1y agoEh, if they died and everything didn’t actually break in a terrible unsolvable way, then…. It’s essentially a form of market extortion though, so perception of ‘survivable’ matters as much as actually survivable eh?