Thursday, June 11, 2009

Econ 101 part II: Shadow Banking

Well this is post #2 in a series of videos that hopefully will clear up any of the mystery behind some of these complicated economy terms that we have been hearing in the news lately.

Until I watched this video if someone asked me about shadow banking, I wouldn't of had a clue on how to respond. But now, I understand just how big and nuch needed this part of the economy really was even though I had never used it before. This shadow banking was one of the causes of the housing bubble and collapse.

These videos vary on length, but none of them have been over 10 mins as far as I have seen anyway. They are well worth the time to watch!

Shadow banking from Marketplace on Vimeo.