Commentary After the world’s brush with financial Armageddon back in 2008, a new phrase entered the lexicon that described financial institutions that were so big, so deposit-heavy, so interwoven into the global economy, that should any one of them ever run into financial trouble—a bailout would be justified. They were called Too Big to Fail (TBTF). A great movie was made about the whole affair with the same title. Currently, there are 29 banks around the world considered TBTF. Today there is another sector of the stock market with a handful of companies that can be considered TBTF. Companies whose dominance is so great, that if something were to ever happen to them, it could lead to a meltdown equal to the financial threat of 2008. And right now, government regulators are putting them in the crosshairs. Big Tech Currently, the market capitalization of the S&P 500 Index is roughly $40 …
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