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But this isn't an apples to apples comparison - CDO was a pretty small part of what went wrong in 2008 - there was something like 14T in mortgage debt outstanding, most it securitized. 750B in CLO is pretty small all things considered. Business loans have always been considered riskier than mortgage loans so I suspect these aren't that aggressively structured either.
Your point on amounts outstanding vs. mortgage debt is well taken, but CLOs are being aggressively structured in the same way you saw with mortgage debt. Japanese banks are buying up all the high rated CLO tranches as a yield vs rating arbitrage in eerily similar fashion to last crisis