SIV因为次级抵押贷款证券风险而处境艰难。

SIVs have been struggling because of exposure to risky subprime-mortgage debt.

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然而次级贷款危机爆发后，风险最终又返回到银行的资产负债表上。

But when the subprime crisis broke, the risks ended up back on the Banks' balance sheets after all.

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在充满风险的次级抵押贷款市场上，已经显现出了令人沮丧的迹象：违约和赎回权取消现象大幅增加。

At the risky, subprime end of the mortgage market, there are already signs of distress: defaults and foreclosures have been soaring.

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They were in a very risky position because subprime loans were already recognized as being risky.

这给银行带来极大风险,因为次级债早已被认为具有高风险

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