Too big to fail is the first chapter, but the second chapter is too interconnected to fail.
Jack Reed: “Too big to fail is the first chapter, but the second chapter is too interconnected to fail.”
On the recordFebruary 11, 2010
Source
congress.govEditor's note · Context
Reed emphasizes the importance of interconnectedness in financial institutions and systemic risk.
Share
More from Jack Reed
Aug 28, 2026
Six months later, not a single objective has been achieved. Indeed, he has weakened our position in the Middle East and the world significantly.
Sep 2, 2026
His administration removed Nicolás Maduro from power, threw its weight behind the unelected leadership that replaced Maduro, and is now attempting to use U.S. military assets and taxpayer-backed financing to boost a private oil venture.
Sep 1, 2026
President Trump’s effort to turn the U.S. military into an investor in Venezuelan oil is a blatant abuse of power and taxpayer dollars.
Jul 21, 2026
This measure is a tribute to Senator Graham’s tenacious, bipartisan work in support of Ukraine.





