Yves Smith — How the Republican Campaign to Gut Dodd Frank is a Huge Gimmie to Banks and Private Equity Funds

Will collateralized loan obligations (CLO) initiated or held by banks, institutional investors, private equity, and hedge funds, as well as junk bonds related investment in the US shale oil boom and falling oil prices turn out to be more financial WMD set to implode? Could the recent push to weaken Dodd-Frank be related to that?

Naked Capitalism
How the Republican Campaign to Gut Dodd Frank is a Huge Gimmie to Banks and Private Equity Funds
Yves Smith

Jeff Cox — It's Back: Shadow Banking Hits Post-Crisis Highs

The move back to some of the less traditional forms of banking comes as regulators and lawmakers push for greater regulation and higher capital requirements....

"The shadow banking market is coming back relatively strongly and it will be a dominating force in the financial markets a couple years from now," said Dick Bove, vice president of equity research at Rafferty Capital Markets.

CNBC NetNet
It's Back: Shadow Banking Hits Post-Crisis Highs
Jeff Cox | Senior Writer

Stephanie Kelton — "Scariest thing I read today."

Stephanie Kelton tweets: "Scariest thing I read today."

Read it at Zero Hedge
ECB Enters CLO Business
Submitted by MacroAndCheese

CLO = Collateralized loan obligation