2 ms·
What are shadow banks? Sounds to me the risk was just moved off the books using some financial trickery into "shadow banks" and when those blow they take the re
by sschueller 8y ago
What are shadow banks? Sounds to me the risk was just moved off the books using some financial trickery into "shadow banks" and when those blow they take the regular banks with them.
- airstrike 8y agoShadow banks were already a thing in 2007-2008 https://www.philadelphiafed.org/-/media/research-and-data/publications/business-review/2014/q2/brQ214_shadow_banking.pdf https://www.philadelphiafed.org/-/media/research-and-data/pu...