Should the US outlaw shadow banks?

Read the article about “shadow banks in China” and discuss the following. Should China outlaw shadow banks? What would be the pros and cons of that? As mentioned in the article the US also has a large sector of shadow banks, should the US outlaw shadow banks? Why is your answer the same or different about the US as compared to China?

Your response must be 400 to 600 words. File must be uploaded as an MS Word document or pdf file by 5 PM on Friday January 18. Please feel free to use information from class or other sources (Google searches and reading information online, reading other articles, etc.). Just do not copy someone else’s writing or ideas verbatim.