Dana El-Kurd
👤 SpeakerAppearances Over Time
Podcast Appearances
The thing about these systems, right, is that like a lot of the original literature on it was considering them separate.
But it's like, no, like the regular banks are making their own shadow banks do these things.
They're all involved in these assets.
They're also investing in the shadow banks, which is the problem we're having right now.
Yeah, but sometimes it's that.
Sometimes it legitimately is just other entities they work with.
But yeah, but it's still the bank engaging.
Well, but here's the thing.
The important part for that, though, is that the non-bank also can do this with other non-banks.
Like, go home, Wells Fargo.
You don't belong here.
No, but they're funding all of this, right?
If the real bank is involved with the shadow banking, that means like I can't opt out of being involved in this because they have my money.
You know, we were talking about that at the top that like some of these like bank banks had to like stop their withdrawals.