"All of the activities classified by regulators as shadow banking [,Hillary's favourite term for this suspect and destructive financial activity,] are core activities of large banking organizations, both directly and through affiliated entities. It is anomalous to call them “shadow” activities since they occur in the supervisory headlights of banking regulators. The shadow banking system could not exist without banks and their affiliates. Banks are instrumental in the securitization of assets, which forms the backbone of the shadow banking system."

http://goo.gl/QFKTG8