The thing about a deposit is you deposit your money as an individual and there are millions of people that all deposit in a depository institution.

所谓储蓄就是你把你的钱以个人名义存进储蓄机构,有不计其数的人会,把钱存进储蓄机构。

耶鲁公开课 - 金融市场课程节选

It's a violation of people's liberty for the government to force everyone whether they want to or not to put aside some earnings today for the sake of their retirement.

这侵犯了人们的自由,因为政府强迫所有人，不管愿不愿意,都得储蓄一部分当前收入，留到退休时用。

耶鲁公开课 - 公正课程节选

So, a lot of people switched from savings accounts to REITs -that's called disintermediation.

于是很多人把钱从储蓄账户转向REITs,这被称为去中介化

耶鲁公开课 - 金融市场课程节选