Big Banks’ Shadow Dance
One of the great myths propagated by large financial institutions is that proper regulation would drive many investors to “shadow banks.” In reality, there are three kinds of “shadow” activities, all of which are obvious, operate in plain sight, and could be controlled in a straightforward and responsible fashion.
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WASHINGTON, DC – One of the great myths propagated by very large financial institutions is that, if they were to become effectively regulated again, many investors and financial transactions would flee to “shadow banks.”