During the 2007-2009 financial crisis, many major financial institutions and business corporations were on the verge of collapse or failure; however, some of the very largest corporations and financial institutions were deemed as being ________ because their failure would cause cascading negative repercussions throughout the U.S. and many foreign economies.

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The phrase "too big to fail" refers to the idea that some financial institutions and corporations are so large and interconnected that their failure would have catastrophic consequences for the global economy. These institutions are therefore deemed as being too important to allow to fail and are often bailed out by governments or central banks during times of financial crisis. This was the case during the 2007-2009 financial crisis, where several major institutions were considered too big to fail and were bailed out by the U.S. government.

During the 2007-2009 Financial Crisis, Many Major Financial Institutions and Business