But still, Northern Rock is in such trouble that in February of '08 -that's last month -the British Government nationalized Northern Rock.

008年2月北岩银行再次陷入危机,也就是上个月,英国政府将北岩银行国有化

耶鲁公开课 - 金融市场课程节选

I've been worrying that my book will be too late and that by June everything will be rosy that it'll all be over.

我一直担忧，我的书将会很晚才出版,并且到六月份，所有事情都好转了,危机结束了。

耶鲁公开课 - 金融市场课程节选

You can blame it on other things like the oil crisis of 1979 nothing is completely simple.

你也可以将其归于另外的原因,比如说1979年的石油危机9,但是没有任何事是完全单纯的。

耶鲁公开课 - 金融市场课程节选

The subprime crisis is happening today because home prices are falling and with falling home prices more subprime borrowers are failing to pay their mortgage.

次贷危机之所以会发生,时因为房屋的价格在下降,随着房屋价格的下降更多的次贷借款人,将会无法支付他们的贷款

耶鲁公开课 - 金融市场课程节选

It's not considered good form to say, I think we're about to have a crisis of confidence and the whole house of cards is going to collapse.

说我认为我们即将有个信心危机，或者所有计划都将破灭,是不明智的。

耶鲁公开课 - 金融市场课程节选

Now incidentally I'm writing a book the title of the book is Subprime Solution; I just sent off the draft to the copy editor last Friday.

顺便提一句，我正在写一本书,名叫《次贷危机解决方案》；,上周五我刚刚将草稿送到文字编辑手中。

耶鲁公开课 - 金融市场课程节选

That's why we need invention and theory in finance to minimize that.

因此我们需要新的金融发明和理论,来将危机最小化。

耶鲁公开课 - 金融市场课程节选

So, there will be new municipal bond insurers appearing that will take up slack and we'll be all right but the problem is that we may have a crisis for a while.

新的市政债券保险公司将会出现,那样我们暂时可以松口气,但是问题是,次贷危机将会延续相当长的时间

耶鲁公开课 - 金融市场课程节选

The problem with private banks issuing notes is that there would periodically be banking crises when the banks failed to pay on their notes and they couldn't pay out the gold that was demanded--that was required.

私有银行发行纸币的问题在于,当它们没法用要求的金子-规定的金子数量,支付它们发行的纸币时,它们将周期性的,陷入银行业危机。

耶鲁公开课 - 金融市场课程节选