A major issue in 2008 were loans made with no credit standards and investors were being sold what they thought was AAA credit risk when in reality the borrowers

A major issue in 2008 were loans made with no credit standards and investors were being sold what they thought was AAA credit risk when in reality the borrowers behind the securities were people with little income make the mortgage payments they were obligated to. The article at hand does little to prove that a similar phenomenon is going on with corporate bonds. Would be interesting to know whether the corporates spoken about here are public or private companies since, if they are public, any going concern can easily be analyzed via a company’s SEC filings. There’s no doubt that the structure of this product is similar to products which caused the financial collapse, but are all the other systemic issues present? I don’t think the author addresses that.