the market mediating of credit holdings is a signifigant trend since WWII
packaging corporate and household obligations
and then building evolutes of these securities is what contemporary hi fi is all about
and the rise of funds has aggregated these holdings and centralized their mangement
effectively this is a clear new stage in the socialization of capital
the key players now those at the commanding heights of capital
operated outside or above the actual outfits that extract the social surplus