The Financial Crisis Inquiry Commission has just released a preliminary staff report entitled “Shadow Banking and the Financial Crisis.” The underlying view of the report is that 1) the shadow banking system is like the traditional banking system – leveraging its own equity to fund long-term investments with short-term borrowing, and 2) problem that lead to the Great Recession and bailouts was a lack of a regulator/lender-of-last-resort of the types that covered the traditional banking sector.
- @united landed at O'Hare 40(!) min ago, still sitting and waiting for a gate when there are two empty ones to the left of the plane. C'mon! 1 week ago
- @RakeshAgrawal @_lennart @HBJMartin @kikovelez @richwinley @TexasVC @michaelsklar @evanave19 I will be in BOS! Sorry to miss 2 months ago
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