Friday, Sep 25, 2009
The Banks got off lightly
Ft.com: Financial groups hit by surge in loan losses
One in three dollars lent by non-bank institutions such as hedge funds, securitisation vehicles and pension funds to sectors including real estate, went sour
Posted by cynicalsoothsayer @ 12:31 PM (601 views) Add Comment
5 Comments
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1. drewster said...
Who puts money in these funds? Is it our pensions? Insurance companies' reserve funds?
2. icarus said...
The banks themselves funded a lot of hedge funds, SIVs, conduits etc (the shadow banking system), so they may not have got off so lightly.
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