Column: Implosion of shadow banking might be real problem

04/24/2009 | Financial Times (free content)

Columnist Gillian Tett explains that politicians have taken up bashing bankers as the financial crisis continues, but the real issue might lie in the shadow banking industry. Reviving the securitization market is a must, but how that will be done is the question, Tett writes. Also, industry leaders are working to improve transparency of the securitization process to make it more appealing to investors.

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