What, me worry? Insurers object to ‘too big to fail’ criteria
It may surprise some to know that the global financial crisis of 2008 was not the first time the expression “too big to fail” was used. The phrase has, however, become synonymous with the collapse of Lehman Brothers, the near collapse of American International Group Inc. and the near implosion of the stock market. So much so, in fact, that insurance companies and financial institutions will do just about anything not to be labeled as too big to fail.
