Originally Posted by
aniym Ridiculous comparison. While the AIG and other insurance/bank bailouts were politically motivated to some degree, the their derivatives contracts that were about to go bad included multiple counterparties all over the world and had a notional value in the trillions of dollars. Yes, literally trillions.
As for GM and Ford, those companies employed hundreds of thousands of workers, and are highly unionized...their downfall could have a big impact during congressional, senate and presidential elections. They also contribute heavily to US GDP.
BB on the other hand employs roughly 10,000 people and contributes a miniscule amount to Canada's GDP. They are far from being 'too big to fail' which is what you are implying.