The Federal Reserve tried to jump start nonbank consumer lending through Term Asset-Backed Securities Loan Facility (TALF). TALF is aimed at hedge funds and investment firms--or "shadow banks." In this Whiteboard segment, Marketplace's Paddy Hirsch explains the importance of the shadow banking system in the US economy:
Shadow banking from Marketplace on Vimeo
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Posted
04-20-2009 9:54 AM
by
Graham Griffith