NEW YORK CITY—In his most recent post, Ethan Penner looks at the history of securitzation and how the death of the Glass-Steagall and the Investment Banks are undercutting the health of the capital markets.
Securitization had a revolutionary impact on the world of finance, Penner reminds. So much so that it began a shift away from Savings & Loans and Savings Banks in the 1980s. In fact, says Penner, the big winners were the Investment Banks that were able to capitalize on securitization in a way that more traditional banks, hampered by Glass-Steagall, could not.
This led to a contentious campaign to discredit the Investment Banks, to the eventual overturning of the depression era bill, to habits in the industry that still continue today. Was it as detrimental as traditional banks framed it?
To read the full post, "Banking and Shadow Banking," click here. To read other posts from Ethan Penner, click here.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Geoffery Metz
Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.
