The article discusses how the process of securitization in real estate markets led to the subprime mortgage crisis of 2007-2008. It looks at the different players involved in securitization and how it impacted the US housing market. The paper also highlights financial misconduct that contributed to the crisis and the consequences that followed. Additionally, it explores the creation of asset-backed securities and collateralized debt obligations as a result of securitization. Overall, the research shows how abuse of securitized transactions in the US mortgage market had significant financial implications.