SPE’s exist. They are not proof, in fact, they’re not even evidence of any shadow inventory. They don’t get assets (or liabilities) of any banks’ balance sheet. Shadow inventory was a myth 8 years ago. It was a myth 6 years ago. It was a myth 4 years ago. It is still a myth.[/quote]
Kinda my feelings on this.
I would love to see some data to the contrary (and not just hyperbolic tabloidism).
