As the Fed responded to the financial crisis that followed the collapse of the housing market, certain banks were deemed too:

Question

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The phrase "too big to fail" refers to banks that were deemed too large to be allowed to fail, as their failure would carry the risk of causing a domino effect in the highly integrated financial system, potentially leading to a widespread financial crisis. The government intervened to prevent these banks from collapsing, as the consequences of their failure were considered to be too severe for the overall economy.

As the Fed Responded to the Financial Crisis That Followed