The term "too big to fail" refers to companies that will be bailed out by the federal government if they are in danger of failing. These companies are too large and too interconnected with the world economy, and if they fail, their collapse would cause widespread economic and social turbulence. While many agree that these companies are important for ensuring economic stability, some argue that if a company is “too big to fail,” it shouldn't exist at all. Alan Greenspan, former chairman of the Federal Reserve, said that "if they are too big to fail, they are too big." Systemic risk relates to the problem of “too big to fail” companies. Systemic risk is the risk that an entire financial system (or an entire market) will collapse, rather than just one segment (or entity) of the market. Companies within a market become so connected that if one were to fail, the entire market would likely deteriorate. Like Alan Greenspan, I think companies should never get so big that they require a federal government bailout. I believe that companies, whether financial or non-financial, should be held accountable for their actions. If their actions lead to bankruptcy, these companies would face the consequences of liquidating their assets or reorganizing their company under Chapter 11 of the Bankruptcy Code. Furthermore, I understand that it is difficult for the federal government to stand by and watch a company fail when it is known that the entire economic system will be damaged. Knowing this, I still have faith that the economy is built to fix itself and that, overall, it would be healthier without the threat created by these companies. During an interview with CNN, Willia...... half of the newspaper ......01/gIQA4OhmcM_blog.html >.Zana, Tom. “The new era of corporate citizenship: doing strategic good that builds brand value.” Interbrand (2009): 1. Print.Zana, Tom. “The new era of corporate citizenship: doing strategic good that builds brand value.” Interbrand (2009): 4. Print.ESPN. “Wisconsin Badgers cut ties with Nike over workers, factories in Honduras - ESPN.” ESPN: the world leader in sports. April 9, 2010. Web. November 17, 2011. "NKE Key Statistics | Nike, Inc. Common Stock - Yahoo! Finance." Yahoo! Finance: corporate finance, stock market, quotes, news. Network. November 17, 2011. "NIKE, Inc. - Locations." NIKE, Inc. - The official corporate website of Nike and its affiliated brands. Network. November 19. 2011. .