Political Quotes

Jack Reed: “Too big to fail is the first chapter, but the second chapter is too interconnected to fail.”

On the recordFebruary 11, 2010
Too big to fail is the first chapter, but the second chapter is too interconnected to fail.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Reed emphasizes the importance of interconnectedness in financial institutions and systemic risk.

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