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Brokers threatened by run on shadow bank system

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posted on Jun, 22 2008 @ 09:41 PM
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Brokers threatened by run on shadow bank system


www.marketwatch.com

Regulators eye $10 trillion market that boomed outside traditional banking

SAN FRANCISCO (MarketWatch) -- 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. The shadow banking system grew rapidly during the past decade, to roughly the same size as the traditional banking system, according to the Federal Reserve
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posted on Jun, 22 2008 @ 09:42 PM
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And when (if I mean) it is regulated, then there will be a new shadow shadow banking system. Corporate greed knows no bounds.

www.marketwatch.com
(visit the link for the full news article)



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