Too Big To Fail?
I am sure we’ll all be hearing about moral hazards and the like in the wake of the Bear Stearns bailout by JP Morgan and the Fed. This is scary stuff. Henry Blodget talks about the claim that Bear is too big to fail in this post on SAI.
My question is who else is too big to fail but would fail without a similar bailout? How many more of these are coming our way?