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NY Fed rules that Lockheed was the first corporation described as ‘too big to fail’

United StatesPublished Last updated This article is more than 2 years old.

A link from Liberty Street Economics

“Although this phrase has become ubiquitous since 2007, it has been used to describe banks only since the mid-1980s. Actually, the phrase appeared even earlier, in the mid-1970s, in discussions of Lockheed Corporation.”

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