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Shadow banking is a topic I haven't heard discussed much, if at all, by Objectivists. Maybe I don't read enough Objectivist blogs or forums or listen to enough Objectivist podcasts. Anyway, I used the search function on this site and entered "shadow banking" but got no results. In a nutshell, there supposedly exists a vast "shadow banking system" that is mostly untouched by regulators. Investopedia defines it as follows: Then there's this from Investing Answers: And it goes on like this wherever you search on the subject. Every supposedly legitimate source treats this so-c