第二，金融工程给我们带来了层出不穷的金融工具的同时，本身也包含着巨大的风险，就像一把“双刃剑”，使用不当，可能会有“杀身之祸”。

Second, the financial engineering to bring the emerging financial tool, itself also contains great risks, Just as a "double-edged sword", used improperly, may have a "disaster."

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目前这场危机中很多处在风口浪尖的金融工具都是由那些对其表现不承担风险的银行所创建和销售的。

Many of the instruments central to the current crisis were created and sold by Banks with no stake in their performance.

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“目前，非常复杂的新型金融工具层出不穷……我们并不完全清楚风险位于何处，”他补充称。

"There is now such creativity of new and very sophisticated financial instruments... that we don't know fully where the risks are located," he added.

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The financial situation is not as bad as it was in the 1930s but it's getting bad and as a result we're starting to see proposals for big change.

现在的金融衍生工具已经不像当年那么拙劣了,但是它却开始走下坡路,所以最后的结果是,我们不得不准备着新的变革。

耶鲁公开课 - 金融市场课程节选