I want to know the answer to the following question:
What is an example of financial innovation pertinent to the financial crisis?
All the background I'm provided with is that "Examples pertinent to this crisis included: the adjustable-rate mortgage; the bundling of subprime mortgages into mortgage-backed securities (MBS) or collateralized debt obligations (CDO) for sale to investors, a type of securitization; and a form of credit insurance called credit default swaps (CDS).". Is that enough to answer the question?
Answer: yes