Securitization, the Process of Forming New Securities by Bundling or Slicing

Securitization, the process of forming new securities by bundling or slicing up groups of securities like mortgages and bonds, is

A) a way of reducing risk through diversification.
B) well understood by financial analysts and managers who engaged in it.
C) considered shady by legitimate financial institutions.
D) still only a minor portion of the modern financial system.