The shadow banking system is unravelling

Financial Times by Nouriel Roubini | Sep. 24, 2008 (Opinion)

Last week saw the demise of the shadow banking system that has been created over the past 20 years. Because of a greater regulation of banks, most financial intermediation in the past two decades has grown within this shadow system whose members are broker-dealers, hedge funds, private equity groups, structured investment vehicles and conduits, money market funds and non-bank mortgage lenders. Full Story »

Posted by Chris Finnie

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3.5

by Derek Hawkins - Oct. 1, 2008

Contains some jargon not intended for the average reader that made it difficult to get through. Altogether factual and well reasoned, though.

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4.5

by Chris Finnie - Oct. 1, 2008

Because of the writer's credentials and evident grasp of the situation, this short article is not only convincing, but very scary. The linked article from Politico provides a somewhat broader look, but puts hedge funds at the center of the next wave as well.

Chris posted this story.

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