Everything else—from interest-rate derivatives to collateralised debt obligations should carry on unregulated and uninsured.

其他业务——从利率衍生工具到债务押债券——应继续不受监管，不受保护。

There are no insurance contracts or options for mortgage bonds.

押债券没有保险合同或者期权。

I want to buy swaps on mortgage bonds.

我押债券的掉期。

The Fed is buying about 85 billion dollars in treasury and mortgage back securities a month.

美联储每月购约850亿美元的公债押贷款支持债券。

Somebody shorted $200 mil on mortgage bonds?

有人做空了两亿的押债券？

They did. They announced that they're going to be buying more treasuries and also more mortgage-backed securities.

有。他们宣布将购更多国债押支持债券。

The money they borrowed was used to pay their uninsured depositors, with bonds owned by both banks posted as collateral.

他们借的钱被用来赔偿没有保险的储户，两家银行拥有的债券作为押品。

This was a collateralized debt obligation, or CDO.

这就是债务押债券，简称CDO。

He had been studying housing data and mortgage bonds extensively since the early 2000s.

自21世纪初以来，他便广泛研究住房押债券。

This involved buying credit default swaps against subprime mortgage bonds.

这涉及购针对次级押贷款债券的信用违约互换。

They make, like, CDOs squared seem like good investments.

让债务押债券平方看起来像是好投资。

There are a lot of like messed up subprime mortgage bonds in that leadership.

那些领导层里充斥着大量问题严重的次级押贷款债券。

Since March 12th it has stood ready to make loans secured against banks' bonds.

自 3 月 12 日以来，它已准备好提供以银行债券为押的贷款。

The really cool feature is the ability to buy back your portion of the mortgage bond.

真正酷的功能是能够回押债券的一部分。

When those mortgages weren't getting paid, the bonds filled with these mortgages, the CDOs, also started collapsing.

当这些押贷款无法按时还款时，装满押贷款的债券， 即债务担保证券，也开始崩塌。

Recent examples of this include financial instruments called Collateralized Debt Obligations, CDOs, which were developed in the 1970s.

这方面最近的例子包括被称为债务押债券（CDO）的金融工具，这种工具是在20世纪70年代发展起来的。

Lehman Brothers went bankrupt because it couldn't say no to the revenue it was making from subprime mortgage bonds.

雷曼兄弟破产是因为它无法拒绝从次级押贷款债券中获得的收入。

Structuring the mortgage bonds and cascading buckets for money created some desirable properties for investors.

构建押债券并通过级联方式分层资金，为投资者创造了某些理的特性。

That compares with the $1trn market for collateralised debt obligations (or CDOs) in 2007, which were at the heart of the global financial crisis.

这与2007年1万亿美元的债务押债券(CDO)市场形成了鲜明对比，后者是全球金融危机的核心。

It's hard never knowing how to come up with your mortgage, and your bond, and your rent, and your let.

永远不知道如何偿还押贷款、债券、租金租金是很困难的。