3.4 Too Big to Fail

Season 3, Episode 4. One situation pulls central banks into the public eye more than any either - dealing with institutions that have become so large that their impending collapse would cause such disproportionate destruction on the financial system and the wider economy that the central bank feels it has no choice but to intervene. The origin of Too Big to Fail and then the story of two such institutions that the Fed dealt with in two distinct ways. 

Go to www.centralverse.org for episode transcripts and interactive graphics explaining how modern central banks work today. Listen wherever you get your podcasts.

Connect with me on twitter @KalebNygaard

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