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lovuian

(19,362 posts)
Mon Nov 19, 2012, 04:09 PM Nov 2012

'Shadow Banking' Still Thrives, System Hits $67 Trillion

http://www.cnbc.com/id/49877573

The system of so-called "shadow banking," blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector.

A report by the Financial Stability Board (FSB) on Sunday appeared to confirm fears among policymakers that shadow banking is set to thrive, beyond the reach of a regulatory net tightening around traditional banks and banking activities.

The FSB, a task force from the world's top 20 economies, also called for greater regulatory control of shadow banking.




WE NEED TO STOP THIS CORRUPTION ...the WORLD ECONOMY can not take this
Prosecute these SOB's
the BANKSTERS are still STEALING
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'Shadow Banking' Still Thrives, System Hits $67 Trillion (Original Post) lovuian Nov 2012 OP
Du rec. Nt xchrom Nov 2012 #1
Thriving like a gigantic tumor gradually killing its host librechik Nov 2012 #2
I agree lovuian Nov 2012 #3
"Shadow banking" means they are not real banks, you know? banned from Kos Nov 2012 #4
 

banned from Kos

(4,017 posts)
4. "Shadow banking" means they are not real banks, you know?
Mon Nov 19, 2012, 07:30 PM
Nov 2012

Shadow banks are things like pay-day lenders, leasing companies, insurance, hedge funds, and credit unions.

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