This was the key element that drove the growth of sub-prime lending leading to the financial crisis.

这是加快导致金融危机的次级贷款成长的关键性要素。

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Swiss UBS is one of those banks that have been the hardest hit in the sub-prime lending crisis that had originated out of US.

瑞银集团是为美国次贷危机中损失最严重的银行之一，在近年金融危机中声誉扫地，更是一度创下了瑞士企业史上最大的一笔亏损。

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In 2001, he told a Senate debate: "Some people look at sub-prime lending and see evil. I look at sub-prime lending and I see the American dream in action."

2001年，他在参议院辩论中说，：“有些人将次级贷款视作恶魔，在我眼里，次级贷款是实现美国梦的一种手段。”

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Apparently, the business of gossip can be as challenging as that of sub-prime lending.

FORBES: 'Lance Lohan' of Campus Gossip dishes the business dirt

One potential worry is sub-prime lending: loans to people with a bad credit history.

ECONOMIST: The bigger they are

Such a programme would be cheap, he says, because sub-prime lending is so concentrated in certain neighbourhoods.

ECONOMIST: Lawmakers, state and federal, are mounting an attack