Jump to content
House Price Crash Forum
Sign in to follow this  
onlyme2

Boe Widens Lending Access To Shadow Banking Sector

Recommended Posts

I missed this one. The filth at the central bank want to put the taxpayer on the hook for even more of their special interest mates' gambles. This is scandalous. Every single person responsible for these decisions should be made financially inclusive of all all losses that arise, or jailed if they cannot make them good.

The Bank of England has decided upon a significant extension of the range of institutions it is willing to lend to as it responds to the rise of shadow banking and the rapid evolution of the financial system.

Share this post


Link to post
Share on other sites
I missed this one. The filth at the central bank want to put the taxpayer on the hook for even more of their special interest mates' gambles. This is scandalous. Every single person responsible for these decisions should be made financially inclusive of all all losses that arise, or jailed if they cannot make them good.

The Bank of England has decided upon a significant extension of the range of institutions it is willing to lend to as it responds to the rise of shadow banking and the rapid evolution of the financial system.

aaaah.... the cosy security of the taxpayers teat.

Share this post


Link to post
Share on other sites

aaaah.... the cosy security of the taxpayers teat.

Can always print some money, call it something else, lie about inflation and the public will be none the wiser that everything that they have earned in the past and everything that they will earn has been devalued..

Share this post


Link to post
Share on other sites

Shadow banking system in need of a buyout.

Shadow banking system is going to destroy us all.

Do they actually want it all to collapse so they can have a war/revolution/destruction across the world ?

Share this post


Link to post
Share on other sites

not sure why the issue here...I mean, its not like they are banks or anything, just huge corporates which are also able to borrow and securitise through the BoE.

The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. Former Federal Reserve Chair Ben Bernanke provided a definition in April 2012: "Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions--but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include securitization vehicles, asset-backed commercial paper (ABCP) conduits, money market mutual funds, markets for repurchase agreements (repos), investment banks, and mortgage companies." Shadow banking has grown in importance to rival traditional depository banking and was a primary factor in the subprime mortgage crisis of 2007-2008 and global recession that followed

Share this post


Link to post
Share on other sites

not sure why the issue here...I mean, its not like they are banks or anything, just huge corporates which are also able to borrow and securitise through the BoE.

The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. Former Federal Reserve Chair Ben Bernanke provided a definition in April 2012: "Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions--but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include securitization vehicles, asset-backed commercial paper (ABCP) conduits, money market mutual funds, markets for repurchase agreements (repos), investment banks, and mortgage companies." Shadow banking has grown in importance to rival traditional depository banking and was a primary factor in the subprime mortgage crisis of 2007-2008 and global recession that followed

They do almost all the things that banks do except their reserves aren't guaranteed by the central bank. Which ought to make them safe to the average depositor but doesn't because the traditional banks are always massively exposed to them.

Share this post


Link to post
Share on other sites

At this rate we will have to give up our favorite bone of contention on HPC- the evergreen 'Socialism V Capitalism' debate- because it's becoming harder and harder to detect the difference between a capitalist system totally dependent on state support and the socialist creed it's supposed to be an alternative to. :lol:

Share this post


Link to post
Share on other sites

At this rate we will have to give up our favorite bone of contention on HPC- the evergreen 'Socialism V Capitalism' debate- because it's becoming harder and harder to detect the difference between a capitalist system totally dependent on state support and the socialist creed it's supposed to be an alternative to. :lol:

Nooo. Along will come a neo-liberal poster to tell us the State is to blame for everything, even though the State is being lobbied to conduct these policies, by so called capitalists and has to some extent been captured by them. :P

Share this post


Link to post
Share on other sites

Peer-to-peer lenders are also part of the shadow banking system. But I doubt they will get access to central bank cash.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   209 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.