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Tag: Shadow Banking


p-a-t-r-i-c-k (CC BY-ND 2.0)

The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. Although free of government regulation, these banks are propped up by a guarantee hidden in the 2005 Bankruptcy Reform Act pushed through by Wall Street. The result is a perverse incentive for the financial system to self-destruct.

Posted on Sep 19, 2013 READ MORE



zzkt (CC BY-SA 2.0)

Collateral Damage: QE3 and the Shadow Banking System

Rather than expanding the money supply, quantitative easing has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. This “failure” has prompted the Bank for International Settlements to urge the Fed to shirk its mandate to pursue full employment, though the sort of QE that could fulfill that mandate has not yet been tried.

Posted on Jul 26, 2013 READ MORE


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