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The financial system is loaded up with a lot more debt than Wall Street wants you to know





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  • New report from the International Monetary Fund highlights the risks of non-bank finance, which helps hide debt levels in the financial system.
  • The debt has shifted over to the so-called shadow banking system.

Federal Reserve officials love to say the risk of another financial crisis has been severely curtailed by new post-crisis rules that forced the largest banks to raise substantially greater levels of equity capital than they had before the meltdown.

However, a new report from the International Monetary Fund suggests a lot of the debt that was sloshing around on bank balance sheets hasn’t exactly disappeared, but merely shifted read more >>>

Source:: BusinessInsider.Com

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