Former Bear Stearns executives head to Capitol Hill today as the Financial Crisis Inquiry Commission begins two days of hearings on the shadow banking system. Phil Angelides, chair of the FCIC, spoke with NPR's Michele Norris yesterday, and he said there was a limit to how much the government could protect against runs on banks like Bear Stearns because "most of these shadow banking institutions were very lightly regulated.":
From the archives: A year ago, Marketplace's Paddy Hirsch helped us understand the basics of the shadow banking system.
Posted
05-05-2010 5:54 AM
by
Graham Griffith