Please read the article attached below and answer the following questions:
Question 1. What's securitization? How does it encourage lax mortgage lending?
Question 2. What key role 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?
Question 3. Why did rating agencies do a poor job?
Question 4. What can be improved to solve the problem?
Attachment:- Triple-A Failure.rar