Who is too big to fail in California?

Those to the left of the political centerline often complain — with good reason — about using taxpayer funds to bail out large corporations that are insolvent, or nearly so, due to mismanagement.
The criticism erupted 41 years ago when the federal government saved Chrysler Motors from extinction and was aired again a decade ago when Chrysler, General Motors and major banks were rescued during a global economic crisis.
These corporate bailouts gave rise to the phrase “too big to