Most experts agree that one of the major causes of the financial crisis was the rise of the shadow banking system, an unregulated sector of financial transactions that often stand in for traditional banking operations. This includes money market funds, insurance products like credit default swaps (as well as much of the unregulated derivatives market), [...]
Shadow Banking System Grows Larger After Financial Crisis |
| By: David Dayen Monday November 19, 2012 10:46 am |




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