Mastodawn

#Shadowbanking was one of the major contributors to the financial crisis. This is why people are now trying to rebrand it as "market based-finance":

This rebranding effort started years ago:

Before the financial crisis, #shadowbanking (and other "non-traditional" banking activities) increasingly replaced "boring" lending and deposit taking. This is considered the main reason why this crisis was so much worse than earlier financial crises: http://www.bostonfed.org/economic/current-policy-perspectives/2015/cpp1505.pdf#page=4 https://mastodon.cloud/media/2faksMgoL7jdq3vhAVg