A group or organization of people who have proven time and time again that the only thing that can be expected of them, is failure.
Tony Hayward, CEO of BP, is said to have been the leader of the worlds first Fail Squad.
In May of 2010 the worlds first, real, fail squad presented itself in the form of BP. The energy company responsible for making our home "Earth" bleed outcrude oil into our oceans at the rate of thousands, to hundreds of thousands of gallons per day.
A fail that is so extreme, that it tests the very fabric of nature, religious beliefs, technological advancements, and the origins of life as we know it. The 11th commandment should have been "Thou Shall Not Take Part in Giga Fails." This is how extreme a Giga Fail is.
"That fugly chick who bought me this poster is a Giga Fail."
"The fact that you were born is a Giga Fail in itself."
Excuse given by those supporting the wealthy establishment for why millions in taxpayer dollars should be given to large corporations to prevent them from defaulting.
Fake News made sure to drive the point home every few minutes that $10 billion needed to be given to Goldman Sachs because it is too big to fail (that is, so that their investors wouldn't take such a hard hit).