When Zombie Banks Walked the Earth 0
When the dealer keeps the deals out of sight, the deck is likely crooked.
You can bank on it (emphasis added):
Gorton argues that shadow banking is “at the heart” of the financial crisis in his research in a paper “Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007” last week at the Federal Reserve Bank of Atlanta’s Financial Markets Conference. Gorton argues that the recent financial crisis was really a banking panic in which banks, both in the shadows and in the light, were unable to meet their obligations.
Free hand of the market my anatomy.
