The systemic risk: "Fitch, a credit-rating firm, notes that the consequences of a potential slump have not just grown—they are also no longer constrained to gi

The systemic risk: "Fitch, a credit-rating firm, notes that the consequences of a potential slump have not just grown—they are also no longer constrained to giant investment outfits. Private-credit firms have marketed themselves to smaller investors, including retirement accounts. At the same time, banks and insurers have lent more to them."