Yup, and banks are returning to high-risk securities, trading in debt-based products like collateralized loan obligations, just like they did leading up to the 2008 global financial crisis.

https://www.theguardian.com/business/2024/nov/24/remember-the-global-financial-crisis-well-high-risk-securities-are-back

Bank: You should take out this loan you can’t afford to repay. Don’t worry, we’ll make it seem like a great idea.

Unqualified borrower: Ok, since you made it seem like a great idea.

Bank: Great! Hey, other bank, betcha this guy won’t repay this loan.