I think that deposit insurance is very important but we didn't have anything for corresponding accounts at brokerage services until 1970.

所以存款保险是至关重要的,在1970年前,在经纪服务业务中,对于对应账户还未有保护举措

耶鲁公开课 - 金融市场课程节选

It's different in other countries; in Europe, they've had universal banking, which allowed banks to offer insurance for a much longer time but in the U.S.

这与其他国家是不同的,在欧洲,那里有综合银行,它们提供保险服务已经有很长一段时日了,但是在美国

耶鲁公开课 - 金融市场课程节选

Insurers, just like mutual funds, are providing risk pooling for you.

保险公司和共同基金一样,为客户提供风险汇聚服务

耶鲁公开课 - 金融市场课程节选