PIMCO possibly next TBTF …..
U.S. regulators are now considering whether PIMCO should be deemed a “systemically important financial institution” – that is, too big to fail, and thus subject to tighter regulatory oversight.
The concern: The juggernaut manages so much money for pension funds that it could hammer the economy if it ever went under. The firm has doubled in size to $1.36 trillion in assets since the collapse of Lehman Brothers in 2008.
The firm is lobbying hard to fend off the “systemically important” designation, according to regulatory disclosures