Shadow Banking: The $67 Trillion Threat to the U.S. Economy
Filed under: Economy, Banking
Shadow banking. The name alone sounds ominous — like some dangerous phantom biding its time, waiting for the perfect moment to leap from its hiding place to do its deadly work.
On a financial level, that metaphor actually works pretty well.
The shadow banking system does exist in the shadows, away from the spotlight of regulation we’ve come to expect banks to operate within. And given the right conditions, it could leap unexpectedly from its dark, financial hiding place and bring the U.S….
Shadow Banking: The $67 Trillion Threat to the U.S. Economy originally appeared on DailyFinance.com on 2012-11-20T15:39:00Z.
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