tag:blogger.com,1999:blog-2761684730989137546.post7489745138143693357..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Ollie McAninch — The explosion of the Fintech industry: Revolution or evolution?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-61318958179041487022016-05-06T13:51:08.389-04:002016-05-06T13:51:08.389-04:00What is it with shadow banking? Young financiers ...What is it with shadow banking? Young financiers always think that this time is different, that they are revolutionizing the world, democratizing money. Every few years, they think that Equity and ABS are some new novel funding source, an invention that no one thought of before. And their analysis of credit histories are always more thorough, more accurate, more lenient than ever before. And for awhile, it all goes swimmingly. That they can responsibly take deposits (paypal, google, apple, etc) and run payment systems without government guarantees and oversight because they are benevolent and would NEVER hurt a fly.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.com