The 2007-08 financial crisis made regulators and lawmakers acutely aware that some financial institutions had become too big to fail. The next big economic crisis may arise outside the financial sector, in highly networked companies that are too interconnected to fail. In January, we published a report that examined the connections between all types of enterprises in the U.S. economy. We discovered many nonfinance firms whose failure could cause major economic fallout.

Source: Wall Street Journal July 23, 2020 16:58 UTC