THIS is Where the Risk Has Been Hiding Since the Financial Crisis! Shadow Banking Revealed.
The subprime fiasco which nearly unraveled the entire quadrillion dollar derivatives garbage scheme, which almost entirely collapsed the financial system, was not eliminated after the crisis. It was simply swept under the rug. It has been hidden. Well now if we are brave enough, we can follow the money and see where the risks lie. Where the next potential dangers exist. And where we need to draw our attention to. But don’t worry, the Fed has your back, right?
Shadow Banking - Bloomberg
https://www.bloomberg.com/quicktake/shadow-banking
Non-banks are back and bigger than ever - Los Angeles Times
https://www.latimes.com/business/la-fi-non-bank-lenders-20180921-story.html
Big Banks Find a Back Door to Finance Subprime Loans
https://outline.com/JyXwvN
Big Banks Find a Back Door to Finance Subprime Loans
https://outline.com/JyXwvN
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The reality of the financial world is terrifying. Actually... many aspects of reality are terrifying I think! Which is why it's so important that we look at it.
#snappluscomment
When a private businessman puts up his own money (takes a risk) to lend at 8% he's called a shady character to his face, a loan Shark.
When banks use subsidiaries to provide paycheck advance loans that can never be repaid, ..it gets advertised on TV.
Thank you for the info . 👏 👍
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