What is securitization? Explain how mismanagement of securitization is part of the 2008 GFC. You need to explain ABS, MBS & CDO process and how did the Financial Crisis spread over from the US to other countries and become Global Financial Crisis.

What is securitization? Explain how mismanagement of securitization is part of the 2008 GFC. You need to explain ABS, MBS & CDO process and how did the Financial Crisis spread over from the US to other countries and become Global Financial Crisis.