也有可能不会那么糟。sub-prime really took off and out of control starting late 2006 2007.
https://www.americanprogress.org/article/2008-housing-crisis
It's not bad thing to expose the CDS though. "No risk/free money" is just too good to be true.
Yellen is over-rated, and Powell? a joke, the only one without an econimic PHD as FED chair in recent history. He just does not know.