In the SIV contract, there was some language that implied that if the SIV ever went bankrupt, the bank would come back and rescue them.

结构投资公司的合同中包含着这样的条款,如果结构投资公司破产,银行会拯救他们

耶鲁公开课 - 金融市场课程节选

Now, the problem is that if you invest in bonds from some state or local government, they might not pay you back; they can just go bankrupt.

现在的问题是如果你投资了,州或者地方政府发行的债券,他们可能无法支付,他们可能会破产

耶鲁公开课 - 金融市场课程节选

People were pulling money out of banks because they feared that if the bank failed, then they would lose their money; it created a huge crisis in 1933.

人们纷纷从银行提取现金,因为他们担心,万一银行破产,他们就会血本无归,这种情况导致了1933年经济危机

耶鲁公开课 - 金融市场课程节选

they're just going to go bankrupt when that happens.

但是他们依然会破产。

耶鲁公开课 - 金融市场课程节选