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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)

Picture this: It’s the middle of the night and your company’s shipment is stuck halfway around the world, hopelessly snarled due to an unexpected trade embargo. You’re hemorrhaging money. Wide awake, worried, your mind goes round and round in circles like some high stakes wheel of fortune. In the world of international trade, there’s no shortage of things that can keep you up at night. But here’s the good news – you’re not alone. "Wheel of Risk" is a brand new podcast – brought to you by Allianz Trade – designed to help you keep your business safe, secure, and well ahead of the competition. Every episode, host Alix McCabe talks to business leaders and experts who’ve faced, and overcome, real trade-related challenges to keep their businesses alive and thriving. They know what it means to truly protect their organizations and themselves. They learned the hard way, so you don’t have to. So go ahead – spin the wheel – we’ve got you covered! Euler Hermes North America Insurance Company and its affiliated debt collection company are part of the Allianz group and market their products and services using the ‘Allianz Trade’ trademark.