Following are some economic terms which were regularly used during and after the Lehman Shock. Unfortunately government initiatives after the shock have done little to inspire confidence that the “too big to fail” problem has been properly addressed.
bail a company out
to rescue a company that has financial problems
During the financial crisis the government used taxpayers’ money to bail out various financial institutions deemed too big to fail.
Too big to fail
a business or institution so important to the economy of a country that a government or central bank must take measures to prevent it from ceasing to trade or going bankrupt.
We have still not found a solution to the “too big to fail” status of a number of Wall Street firms.
Green shoots (of recovery)
signs of growth or renewal, especially of economic recovery.
It wasn’t until 2009 that the first green shoots made their much awaited appearance.
A significant decline in activity across the economy, lasting longer than a few months.
The sharp decline in economic activity during the late 2000s, which is generally considered the largest downturn since the Great Depression will always be known as “The Great Recession”.