20 min listen
Too Big to Fail
ratings:
Length:
18 minutes
Released:
Nov 30, 2023
Format:
Podcast episode
Description
How well do you remember the subprime mortgage crisis of 2007? It led to the collapse of many of America’s largest financial institutions, and an unprecedented, $700 billion government bailout of banks, insurance companies, and other lenders. It also popularized a phrase that is still widely used to this day; “too big to fail.”On this episode of Wheel of Risk, host Alix McCabe digs into the dangers of that expression with the help of Justin Seedorf, Southwest Regional Vice President at Allianz Trade Americas. Together, they explore why doing business with large corporations or customers is no guarantee that your company won’t run into trouble. They’ll also dive into the potential ripple effects that can occur when a supposedly ‘fail-proof’ company does indeed collapse, and provide some invaluable food for thought for any business owner who believes they’re on solid financial footing because they only deal with “the big guys.”
Released:
Nov 30, 2023
Format:
Podcast episode
Titles in the series (16)
We're Going to Need a Bigger Boat: Weighing risk and reward when scaling your business: It’s a riff on one of the most memorable lines in movie history -- but in this case, the team at Nassau National Cable Corporation wasn’t worried about sharks -- it was whale-sized clients they were after. And in the tumultuous world of internation... by Wheel of Risk: A podcast by Allianz Trade