She says American investment Banks have made excessive loans, which created a real estate bubble and made the lenders insolvent on bad debt.

她说，美国的投资银行做出了过度的贷款，制造了一个房地产泡沫，并且导致借贷者因为坏帐而出现资不抵债的现象。

youdao

Cash flow on real estate is pretty much discretionary, at least after the minimum debt service charges are paid off.

房地产现金流的决定权相当之大，要求至少先支付最低的债务偿还的服务费用。

youdao

Another possibility would be for the Fed to expand its purchases of other kinds of debt, such as private mortgage-backed securities and commercial real estate loans.

另外一种可能是美联储扩大购买其他种类的债务，比如私人抵押贷款证券和商业房地产贷款。

youdao

Banks hold one and a half of the three and a half trillion dollars in debt that supports the commercial real estate market.

VOA: special.2009.09.04

The next phase is going to be the period when they can make acquisitions because everybody knows that there's a lot of real estate debt out there.

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Firpta had led a number of investors to change their strategies to investing in real-estate debt in the U.S. rather than equity, said Ben Sanderson of Hermes Real Estate Investment Management Ltd.

WSJ: Tax Plan May Provide Real-Estate Boost

He was also a pioneer in mortgage trading and bundling up real estate backed debt.

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