I honestly have no idea what this means, but jeez, how is this for some cliff diving:
Chart via St. Louis Fed
This is what the BOG reports on the G.19. The footnotes on g.19 state the following:
-Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators.
-The shift of consumer credit from pools of securitized assets to other categories is largely due to financial institutions’ implementation of the FAS 166/167 accounting rules.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.