Credit rating agencies were subject to conflicts of interest in the subprime mortgage market because ________.

Group of answer choices

they had little incentives to make sure that the mortgage was a good credit risk

they had weak incentives to make sure that the holders of the securities would be paid back

banks were earning large fees by underwriting the mortgage-backed securities

they were earning fees from rating the mortgage-backed securities and from advising clients on how to structure the securities to get the highest ratings