Shadow Banking System Rises To Record $67 Trillion Globally-Financial Stability Board

[LAM]

Shadow Banking System Rises To Record $67 Trillion Globally, Financial Stability Board Reports

LOL...more than the combined GDP of the US, UK and EU combined and they don't produce a single thing of value. totally unsustainable "wealth" created out of thin air, but they have all the power while those that actually create things of value have none...what a ass backwards global economy we have built. how long can this possibly last?

[LAM]

but the good news is that OTC derivatives trading is ONLY at 639T of "wealth" created on computers out of thin air....

Derivatives trading shrinks on weak dollar | City A.M.

[Zaphod]

And supposedly those are the job creators.

[Big Pimpin]

We're fucked.

[Zaphod]

We're fucked like a two bit hooker on coupon day.

[jagbender]

just a matter of time Obama wil speed up the process, Romney may have been able to slow it a bit. listen for the big balloon to pop

[LAM]

just a matter of time Obama wil speed up the process, Romney may have been able to slow it a bit. listen for the big balloon to pop

LMAO! Romney wanted to Repeal the Dodd-Frank Act and DEREGULATE Wallstreet and finance more, the same thing that has caused this problem which started with the banking deregulation in the 80's under Reagan.

[jagbender]

LMAO! Romney wanted to Repeal the Dodd-Frank Act and DEREGULATE Wallstreet and finance more, the same thing that has caused this problem which started with the banking deregulation in the 80's under Reagan.

You mean Clinton and Barney Frank loosening up the fiancial quilifications for a home loan so EVERYONE could have the "American" dream of having a house they could not afford???

[LAM]

You mean Clinton and Barney Frank loosening up the fiancial quilifications for a home loan so EVERYONE could have the "American" dream of having a house they could not afford???

funny not a single economist or paper in the world has cited the CRA, Fannie or Freddie for causing the housing bubble or corresponding bank collapses. but what they all do say is that deregulation of subprime lenders, the FED, shadow banks and lobbying from 2001-2006 and a complete lack of over-site did..

the only people that have blamed the CRA are conservative politicians on tv and people like yourself that know nothing about the subject and simply recite what they have heard on tv.