MyProps.org - E-mail Link

Home

Public Channels

Channel Contents

E-mail Link

Share this Link by emailing it to friends and family. Or return to link.

Link Information

Title:

Paul Krugman: Partying Like It’s 1929 - New York Times

Description:

Wall Street chafed at regulations that limited risk, but also limited potential profits. And little by little it wriggled free — partly by persuading politicians to relax the rules, but mainly by creating a “shadow banking system” that relied on complex financial arrangements to bypass regulations designed to ensure that banking was safe. For example, in the old system, savers had federally insured deposits in tightly regulated savings banks, and banks used that money to make home loans. Over time, however, this was partly replaced by a system in which savers put their money in funds that bought asset-backed commercial paper from special investment vehicles that bought collateralized debt obligations created from securitized mortgages — with nary a regulator in sight. As the years ...

E-mail Information

*To E-mails:
(seperate by commas)

Optional Message:

Verify Human Input

*Enter the code below:

Fields marked with an asterisk *are required.