对发行者来说，有资产抵押证券的成本要比筹集无担保债务低的多，同时它的发行不依赖于证券市场的复苏。

For issuers, the costs of funding are lower than raising unsecured debt, and issuance does not depend on the revival of the securitisation markets.

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影响的扩大戏剧性的出现在了更具风险的抵押贷款证券化的产品,以及以此为基础的合并债务担保证券（CDO）。

Spreads have dramatically widened on the securities backed by riskier mortgages and the pooled and debt-laden collateralised-debt obligations (CDOs) based on them.

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利用伪造、变造的国库券或者国家发行的其他有价证券抵销债务或设立抵押，提供担保。

Use government bonds and any other nation-issued valuable securities which are altered or counterfeited to counteract the debts or make mortgage guarantee.

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