Julio: > Following Sabri's lead, Rubini is calling them "shadow banks."
Actually, I am not the one who invented this "shadow baking system" concept. It came out about a year ago, and if I am not wrong, someone at PIMCO coined it, and Bill Gross popularized it. So, we are all following the lead of PIMCO. For example, here is Krugman following the lead: http://www.nytimes.com/2008/09/15/opinion/15krugman.html Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
