The financial crisis happened because banks were too highly leverages on collateralized debt, not because the debt was collateralized. Remember those "responsi

The financial crisis happened because banks were too highly leverages on collateralized debt, not because the debt was collateralized. Remember those "responsible mortgage holders", homeowners with culturally "good" debt? The whole economy tanked because only 7% of them defaulted. This business model is fine if Tally's leverage isn't too high.