Hellish Debt to Income Charts Should Break Out Asset Based Debt

However, these historical charts never break out asset backed debt vs debt secured by income.

The rise of asset securitization is one of the more important developments in finance for corporations and financial companies.

Given these charts are always debt vs income, should the assets not then be broken out?

If asset backed loans default, it's a bit of a different resolution process and it's often a bit simpler--the asset goes back to the lender and the asset price falls. We need to see a lot more of that happening to make the deleveraging process go a lot faster.