Impossible to ignore and difficult to resolve (Otker-Role et. ali.)

The Too-Important-to Fail Conundrum: Impossible to Ignore and Difficult to Resolve by Ïnci Ötker-Robe, Aditya Narain, Anna Ilyina and Jay Surti. “Ahead of the crisis, implicit government backing permitted these institutions to take on greater risks without being adequately subject to market discipline and to enjoy a competitive advantage over systemically less important institutions. And when the crisis broke, their scale, complexity and interconnectedness, which had made them difficult to manage and supervise, also proved too significant to permit them to fail.”