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Listen "Why Shadow Banking Didn’t Cause the Financial Crisis by Norbert J. Michel"
Episode Synopsis
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Title: Why Shadow Banking Didn’t Cause the Financial Crisis
Author: Norbert J. Michel
Narrator: Michael Lyons
Format: mp3
Length: 2 hrs and 29 mins
Release date: 04-11-23
Ratings: 4 out of 5 stars, 2 ratings
Genres: Banks & Banking
Publisher's Summary:
Most American adults easily recognize the following description of the 2008 financial crisis. Unregulated Wall Street firms (so-called shadow banks) made too many risky bets with derivatives, causing the housing bubble to burst. The contagious run through the financial system was only stopped by bailouts from the federal government and major regulatory changes
Title: Why Shadow Banking Didn’t Cause the Financial Crisis
Author: Norbert J. Michel
Narrator: Michael Lyons
Format: mp3
Length: 2 hrs and 29 mins
Release date: 04-11-23
Ratings: 4 out of 5 stars, 2 ratings
Genres: Banks & Banking
Publisher's Summary:
Most American adults easily recognize the following description of the 2008 financial crisis. Unregulated Wall Street firms (so-called shadow banks) made too many risky bets with derivatives, causing the housing bubble to burst. The contagious run through the financial system was only stopped by bailouts from the federal government and major regulatory changes
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