READ AN ARTICLE AND ANDWER THE FOLLOWING QUESTIONS

What’s securitization? How does it encourage lax mortgage lending?  

2. What key roles were rating agencies supposed to play in managing the risk associated with securitization? In particular, without a rating agency, why would it  have been hard (if not impossible) for securitization to have emerged?  

3. Why did rating agencies do a poor job?  

4. What can be improved to solve the problem