This assignment is on a highly relevant /current subject of whether large and consequent corporations (including industrial, financial services, audit services etc.) are too big to be allowed to fail. These companies are judged as highly complex, and closely connected to multiple large enterprises. Failure of any of these institutions could have severe consequences on the economy and public well-being.

The 2007/08 financial crisis was marked by massive bailouts of several money-center banks, investment banks, non-bank finance concerns and industrial companies.Failure to address the bankruptcy of Lehman Brothers in a timely manner, led to convulsions in financial markets and pervasive fear of global financial disaster. The debate on the "too big to fail" bailouts has continued, as BHCs expand and get ever larger.

In this assignment, you are asked to research the debate on the "too big to fail" from the point of view of the public (tax payer), the larger economy, financial markets and various regulators. Evaluate the various arguments and formulate a cogent perspective on how this approach can be reformed.

1. Draw on your learning of financial markets and institutions and do not use the research to confirm your existing biases and attitudes.
2. You are provided a single article to introduce you to the complexity and diversity of opinions on this subject.

Can you elaborate in detail more on these 2 questions with the reference provided below.

Sitaraman, G. (2014) Unbundling "Too Big To Fail". Center for American Progress. Retrieved from https://www.americanprogress.org/issues/economy/reports/2014/07/15/93809/unbundling-too-big-to-fail/