Most small businesses in China can’t get a simple loan from a bank. The practice of 'shadow lending' has grown so fast, it's now estimated to be worth 70 percent of China's GDP.
The shadow banking system is a key component of the U.S. economy, but the financial crisis has frozen it solid. Senior Editor Paddy Hirsch explains what shadow banking is and why it's important enough to warrant its own bailout, called the Term Asset-Backed Securities Loan Facility, or TALF.
