One bank in the state of Michigan offered paper money with a picture of a wildcat on it.
VOA: special.2009.11.08
Unfortunately, what we've seen recently is a kind of a bank run on the asset-backed commercial paper.
不幸的是,最近的情况是,有些银行开始运作资产担保商业票据
The value of the paper collapsed and the bank became insolvent.
结果债券价值大跌,导致银行破产
And all of a sudden he had a crisis Well, I'm not going to get into the depth of it but our banks, because they wanted to make more and more money--and our investment bank, Wall Street--kept issuing different paper against mortgages so it made it simple to give a mortgage.
突然间危机降临在了他的头上,嗯~我不想继续深谈这个问题,但是我们的银行,由于它们想,赚越来越多的钱--还有我们的投行,华尔街--一直都在发行各种各样的抵押贷款票据,那样抵押贷款变得更加容易。
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