Then, the value of the subprime loans that the municipal bond insurers own starts to go down.

接着,市政债券保险公司,持有的次级贷款价值开始下跌

耶鲁公开课 - 金融市场课程节选

We just gotta start it up again, it's the safest thing to do.

我们先从头开始，这么做比较保险。

麻省理工公开课 - 计算机科学及编程导论课程节选

Anyway, I want then to move on to the topic of today's lecture, Insurance is the other side of the risk management institutions that we have.

下面开始今天这节课的主题,保险是我们现有的另一种,风险管理制度

耶鲁公开课 - 金融市场课程节选

Lloyds of London, which now does things like ensure quarterbacks' knees and things 685 00:36:00,852 --> 00:36:02,973 but it begins in the eighteenth century when people go into the docks.

伦敦的劳埃德市场,现在做一些,为四分卫的膝盖保险之类的事不过他们早在在十八世纪,航运业刚兴起时就开始做保险了

耶鲁公开课 - 欧洲文明课程节选

You can see how things are feeding through the system: it starts out in one thing, it goes to the insurance companies, and then it goes to the municipal governments.

你能看到事件是如何在系统里相互影响的,它开始于一件事,它涉及到了保险公司,然后又传递到地方政府

耶鲁公开课 - 金融市场课程节选

The housing sector in the United States, you might say, is completely different from municipal bond insurers; but when the housing sector starts going down, people start defaulting on their mortgages.

你可能会说,美国房地产,是与市政债券保险公司完全不同,但是当房地产行业开始衰退,人们就开始对抵押贷款违约

耶鲁公开课 - 金融市场课程节选