In this case, as Rod McQueen points out, 'too big to fail' came to mean that nobody believed bankruptcy was possible until it was suddenly inevitable. Confed went under because of the failure of officers, regulators, auditors, directors, politicians, and industry leaders to properly do their jobs.
|Publisher:||McClelland & Stewart Ltd.|
|Product dimensions:||8.82(w) x 5.72(h) x 0.93(d)|
About the Author
Rod McQueen is one of Canada’s foremost business writers. Between 1978 and 1982, he served as business editor and then as managing editor of Maclean’s magazine. As a freelance writer specializing in corporate Canada, the economy, and politics, he has published in every major Canadian magazine. From 1987 to 1993, he lived and worked outside Canada, as a freelancer in London and then in Washington, D.C., as bureau chief for The Financial Post. The author of six other books – The Moneyspinners, Risky Business, Leap of Faith, Both My Houses (with Sean O’Sullivan), Blind Trust, and The Last Best Hope – he is currently senior writer at The Financial Post. He and his wife, Sandy, live in Toronto.