Too Big to Fail Bailing Out Russian Banks in Ukraine
The IMF deal with Ukraine will funnel up to $18 billion into an economy on the verge of collapse. Some of the largest beneficiaries? Russian banks.
Too Big to Fail Kazakhstan’s Massive Oil Morass
The world’s largest and most expensive single oil project has been a disaster so far. Plagued by delays and cost overruns, Kazakhstan’s Kashagan oil field has been a headache for its consortium of investors, and a lack of clear leadership is compounding these technical problems. If and when the oil starts flowing, a whole slew of questions—predicated on where that oil is piped—arises.
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