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Most people know that bacon tastes good with everything, but few ever question where it gets its bright, rosy color. Unfortunately, like many delicious things, this hunger-inducing hue comes from the use of additives, which can have some seriously negative …
by Dismal-Jellyfish Source: https://libertystreeteconomics.newyorkfed.org/2023/11/the-nonbank-shadow-of-banks/ TLDRS: Fed paper: The evolution of banks and nonbanks is closely linked, particularly since the 1990s. In the 1990s, financial ‘innovation’ and regulatory changes boosted asset securitization. This shifted financial intermediation from a traditional bank-centric model (taking …