投资银行掌控了股票，债券和其他证券。
Investment Banks handle stocks, bangs bonds and other securities.
CDO以次级抵押贷款债券、商业抵押贷款证券和其他资产作为担保。
These securities are collateralized debt obligations backed by subprime-mortgage bonds, commercial-mortgage loans and other assets.
“向校园里的孩子推销饼干很容易，”在谈及债券抵押凭证和华尔街卖给贪心且容易上当的投资者的其他不知所云的证券时，他这样说道。
"It's easy selling crack to kids in the schoolyard, " he says of the CDOs and all the other arcane acronyms the Street sold to avaricious, gullible investors.
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