Age of Easy Money (Full-length Film Audio Track)
The FRONTLINE Dispatch
00:00
The Shadow of Banking
The risk had migrated to what we call the non-banks, so the financial system that are not banks and it had morphed. The phrase that was used at the time was shadow banking. That there were banking activities happening, but they were happening in the shadows of the banks themselves. These are the asset management companies, these are the hedge funds, these are not well regulated but suddenly becomes systemically important.
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