I think that going forward, both the rating agencies and the banks will be very important in our society.

我认为这会有效果,信用评级机构和银行,都将会在我们的社会中扮演很重要的角色

耶鲁公开课 - 金融市场课程节选

Some people think that the rating agencies have allowed a kind of moral hazard to creep into their organization.

有些人认为,信用评级机构,已经让某种程度的道德风险,渗透到他们的机构中

耶鲁公开课 - 金融市场课程节选

You and your partner, Warren Buffett, have for years complained and warned about the dangers ve perceived in the modern derivatives markets, particularly credit derivatives, and also concerns about interest rate swaps, currency swaps, and equity swaps.

你和你的合伙人，沃伦，巴菲特,多年来一直提醒现代衍生品市场中,存在的危险，that，you’,尤其是信用衍生品，利率掉期，货币互换和股票互换。

斯坦福公开课 - 经济学课程节选