Unlimited leverage comes automatically with an option exchange. And derivative trading which made the option exchanges look like a benign event.

期权交易与无限杠杆率是与生俱来的,而且金融衍生品交易使得,期权交易看似有益。

斯坦福公开课 - 经济学课程节选

If you just look back when they were created it's most likely to be in the 1930s.

如果你回想起,你会发现那些衍生品,大多都是上个世纪30年代出现的。

耶鲁公开课 - 金融市场课程节选

But your real concern has been about the credit derivative market.

但是你真正关心的是,信用衍生品市场。

斯坦福公开课 - 经济学课程节选

You and your partner, Warren Buffett, have for years complained and warned about the dangers ve perceived in the modern derivatives markets, particularly credit derivatives, and also concerns about interest rate swaps, currency swaps, and equity swaps.

你和你的合伙人，沃伦，巴菲特,多年来一直提醒现代衍生品市场中,存在的危险，that，you’,尤其是信用衍生品，利率掉期，货币互换和股票互换。

斯坦福公开课 - 经济学课程节选