Shadow Banking

Paul Krugman: Fed, Banks Returning To "Status Quo Circa 2007"

nytimes.com | Paul Krugman | Posted 10.07.2009 | Business


This article on the continued troubles in credit markets was informative. But it raised a puzzle. Call me naive, but why does Fed policy seem to assum...

Obama and Volcker: Economic Solutions, Good; Summers and Geithner: Financial Solutions, Not Good.

Saskia Sassen | Posted 02.27.2009 | Business


Saskia Sassen

The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.