Brokers threatened by run on shadow bank system
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http://www.marketwatch.com/news/story/big-brokers-threatened-crackdown-shadow/story.aspx?guid=%7BFA23DF5A%2D918F%2D41DA%2DB794%2D7E553ADAFAA7%7D
Type of Content: Article Regulators eye $10 trillion market that boomed outside traditional banking A network of lenders, brokers and opaque financing vehicles outside traditional banking that ballooned during the bull market now is under siege as regulators threaten a crackdown on the so-called shadow banking system. Read »
Created 28 weeks 5 days ago
Made popular 28 weeks 5 days ago |
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We don't need more regulation, we need honest money.
There are many economist who say that the shadow banking system is more like 500 trillion, not 10 trillion...
I wish we could crack down on the shadow governmnet.