Risky mortgages and delinquencies were only a problem because: the lenders* themselves had borrowed too much the lenders didn’t know they had borrowed so much

Risky mortgages and delinquencies were only a problem because: the lenders* themselves had borrowed too much the lenders didn’t know they had borrowed so much the ratings agencies were not judging the merit of the investments that lenders had invested in *by lender I mean the ultimate party reliant on payments from the mortgage borrower much was done to add transparency and safeguards to that specific issue, so just because lending standards are loose again doesn't mean there is systemic incestuous exposure to losses and collateral calls to the world’s most financially important institutions happy trading