The financial system is loaded up with a lot more debt than Wall Street wants you to know
|04/06/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.