This is a clear demonstration of how derivatives and synthetic securities have been used to create imaginary value out of thin air.

这清楚地展示了衍生品与合成证券，如何被用来无中生有地创造虚有价值。

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It will be the task of regulators to understand derivatives and synthetic securities and refuse to allow their creation if they cannot fully evaluate their systemic risks.

监管者应该承担起一个任务，即了解衍生品与合成证券，如果无法充分评估它们的系统性风险，就拒绝让它们被创造出来。

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Requiring derivatives and synthetic securities to be registered would be simple and effective; yet the legislation currently under consideration contains no such requirement.

要求衍生品与合成证券进行登记简单而有效，但目前正在考虑的法案并没有纳入任何这类要求。

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Because investing in local markets can still give foreigners headaches, some banks are offering synthetic securities instead.

ECONOMIST: African financial markets

Like others on Wall Street, Goldman had an active mortgage department designing, packaging, securitizing, promoting, and selling mortgage-backed securities and related synthetic derivatives.

FORBES: It's Getting Harder To Defend Goldman Sachs

This appetite for safe securities encouraged Western banks to create synthetic, AAA assets that later turned toxic, with ruinous results.

ECONOMIST: China��s capital controls