Sunday, November 18, 2012

Top News Today | How Shadow Banks Rule the World | abcnews.com

FOR THOSE FIGHTING  FORECLOSURE THIS IS NOT REALLY NEW NEWS!
Top News Today | How Shadow Banks Rule the World | abcnews.com: "Beyond the banking world, a parallel universe of shadow banks has grown in the form of hedge funds and money market funds. They're outside the reach of conventional financial regulation, prompting authorities to plan introducing new rules to prevent the obscure sector from triggering a new financial crisis. But in doing so they risk drying up an important source of funding to banks and firms."

'via Blog this'


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