Anyway, investors were desperate to buy more and more and more of these securities.

不管怎么说，投资者都急于购买越来越多的抵押持证券。

But to create more of them, they needed more mortgages.

但为了产生更多的抵押持证券，他们需要更多的抵押。

That's result of the settlement over sour mortgage-back securities with federal housing finance administration.

这笔费用是为解决与国联邦住房金融局在不良抵押担保证券上的纠纷。

The Justice Department has announced a nearly 17 billion dollars settlement with Bank of America over its role in the sale of mortgage based securities in the run up to the financial crisis in 2008.

国司法部公布了关于国银行170亿元的结算，这是由于国银行出售了在2008年的金融危机时的住房抵押证券。

It's been decided to reduce the monthly pace of its net asset purchases by 20 billion U.S. dollars for Treasury securities and 10 billion dollars for agency mortgage-backed securities.

联储已决定减少每月购买 200 亿元国债和 100 亿元机构抵押持证券的净资产。

Its support--lending against securities worth as little as two-thirds of the loan value--should prevent any remotely solvent institution from going under wherever interest rates end up.

联储的持--以价值仅为价值三分之二的证券为抵押，给银行提--应该会防止任何偿付能力极低的机构倒闭，无论利率的最终水平如何。

The industry sprang up in the 1970s, first focusing on municipal debt and later branching out into structured products like mortgage securities.

这个行业在20世纪70年代兴起，起初它们专注于市政债券，然后拓展到结构性产品，比如抵押证券。

AIG had insured billions of dollars worth of shaking mortgage bag securities and was about to go bankrupted in September of 2008.

国国际集团已确保数十亿元足以动摇抵押包中的证券，并在2008年9月破产。

The savings-and-loan crisis of the 1980s contributed to the rise of mortgage-backed securities as the primary funding source for home loans.

20世纪80年代的储蓄和危机推动了抵押证券的兴起，成为住房的主要资金来源。

In the past investment-bank earnings were more tied to the economy, thanks to fat portfolios of assets like mortgage-backed securities.

过去，由于抵押持证券等资产组合丰厚，投资银行的收益更多地与经济挂钩。

The Fed also decided to begin reducing its holdings of Treasury securities, agency debt, and agency mortgage-backed securities.

联储还决定开始减持国债、机构债务和机构抵押持证券。

Mortgage bank securities became known as toxic assets, no one wanted to be anywhere near them.

抵押银行的证券被称为有毒资产，没人愿意接近。

At the same time, credit ratings agencies were telling investors these mortgage backed-securities were safe investments.

与此同时，信用评级机构也在告诉投资者这些抵押持证券是安全投资。

Investors gobbled these mortgage backed-securities up.

投资者们把这些抵押持证券抢购一空。

Mortgage backed-securities are created when large financial institutions securitize mortgages.

抵押持证券是大型金融机构将抵押证券化时产生的。

And back when mortgages were only for borrowers with good credit, mortgage debt was a good investment.

当抵押只适用于信用良好的借人时，抵押持证券是项不错的投资。

So, lenders did their best to help create more of them.

因此，人尽其所能地帮助产生更多的抵押持证券。

They gave a lot of these mortgage backed-securities AAA Ratings, the best of the best.

他们给了很多抵押持证券AAA评级，也就是最佳评级。

It bought trillions of dollars of mortgage-backed securities and government bonds.

它购买了数万亿元的抵押持证券和政府债券。

The blow-up did not even require actual defaults in mortgage-backed securities.

爆炸甚至不需要抵押持证券的实际违约。