UK government stumps up $1 billion for mid-market debt managers

Friday, December 07, 2012

Four managers secure funds and a fifth will follow shortly, says UK treasury

TAGS: Direct lending

Comment by: Anonymous. Posted 11 years ago [2012-12-08 13:47:04]

Well put! It appears shadow banking is "good" when the gov't does it and "bad" for everybody else. Of course, the gov't has no idea how to allocate capital. The lesson is that the financial profession is noble and worthwhile only when practiced by those who have no idea how it works.

Comment by: Anonymous. Posted 11 years ago [2012-12-07 16:35:47]

Isn't this shadow banking...? Didn't the FSB (headed by Mark Carney) just publish a consultation paper on shadow banking? The paper does not put shadow banking in a positive light (unsurprisingly).

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