Why the U.S. banking system could be on the verge of another crisis

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UC Berkeley School of Law Professor Frank Partnoy outlines how banks are making mistakes similar to those leading up to the 2008 financial crisis -- only this time with a new type of security that could break bank balance sheets beyond repair.

What makes up a CLO?

Types of loans found in these securities

67% "B" rating

15% "CCC" or below

rising leveraged loan market risks