Why Too Big To Fail?: How the regulatory system failed the American people.

By November 2009, 120 banks had failed since the start of the year, unemployment was at 10.2%, a twenty six year high, and the government had invested billions of tax dollars in failing financial institutions that were deemed “Too Big to Fail”. WHY? What made them too big to fail and why did the government bail them out? Was this a necessary evil or just plain evil? This book takes an important look back at the amazing legislative and financial events that created these “monstrosities” and ...