‘Too big to fail’ - News Summed Up
‘Too big to fail’

‘Too big to fail’

February 16, 2020 15:56 UTC

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‘Too big to fail’


In the Philippines, people are deliberating on whether or not ABS-CBN is too big to fail because it employs 11,000 people, is a publicly listed company with many subsidiaries, and most importantly is the biggest media outlet in the country serving millions of Filipinos here and abroad. Even worse it makes Congress a stamp pad that costs the Filipino too much money for to little use. When the President went after certain businessmen early in his term, it is interesting to note that a Taipan and a big cigarette magnate quickly responded by settling their “debts” with the government. Now we find Duterte fuming at ABS-CBN for taking his campaign money but never airing his advertisement. I remember Dong Puno once said that Malacañang was no big deal considering he has worked in a bigger snake pit.


Source: Philippine Star February 16, 2020 15:56 UTC



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