The complexity of securitized pools of loans that were sold worldwide – bilaterally over the counter – as pieces of various tranches, meant that nobody was certain about who owned what or what it was worth.
La complexité des prêts sécurisés vendus partout dans le monde, de façon bilatérale au comptant, voulait dire que personne ne savait véritablement qui possédait quoi et quelle en était la valeur.