Shadow Banking Explained

Shadow banking explained
Published at:2009-04-13
By:Marketplace APM
Duration:9 minutes 6 seconds

Description: The shadow banking system is a key component of the U.S. economy, but the financial crisis has frozen it solid. Paddy Hirsch explains what shadow banking is and why it's important enough to warrant its own bailout, called the Term Asset-Backed Securities Loan Facility, or TALF. #MarketplaceAPM #GreatRecession #EconomicExplainersSubscribe to our channel!

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