Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. … Continue reading The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives
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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. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. … Continue reading The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives