SAN FRANCISCO (MarketWatch)
- A network of lenders, brokers and opaque financing vehicles outside traditional banking that ballooned during the bull market now is under siege as regulators threaten a crackdown on the so-called shadow banking system.
Big brokerage firms like Goldman Sachs, Lehman Brothers, Morgan Stanley and Merrill Lynch which some say are the biggest players in this non-bank financial network, may have the most to lose from stricter regulation.
The shadow banking...
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