2008’s issue was leverage and redundant ownership (A bank that originated the loan and sold a CDO may have bought essentially an ETF of CDOs which contained it

2008’s issue was leverage and redundant ownership (A bank that originated the loan and sold a CDO may have bought essentially an ETF of CDOs which contained its own original loan. When the individual stopped paying, nobody know who was on the hook for the car property or who to ask about) Having better lending standards, ownership data and less leverage allows this to flourish to much greater heights