Briefly Explain How Securitization Led Contributed to the Credit Crisis

question 41

Essay

Briefly explain how securitization led contributed to the credit crisis of 2007 - 2009.

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Definitions:

FileNotFoundException

An exception thrown when an attempt to open the file denoted by a specified pathname has failed.

RuntimeException

A type of unchecked exception in Java that indicates errors that can occur during the execution of a program and are not checked at compile-time.

Checked

In the context of exceptions in Java, it refers to exceptions that are checked at compile-time, requiring explicit handling in the code.