You'd have to be an authorized participant, but if you become an institution you can get authorized to trade in the auction.

只有授权参与商才可以参加,如果你是一个商业机构,你可以获得授权参与交易

耶鲁公开课 - 金融市场课程节选

What if every synagogue and mosque, church, temple, secular humanist society was involved in congregational exchanges the way that most of these institutions are now involved in some kind of service work?

如果每座犹太教会堂，穆斯林清真寺，基督教堂，佛教寺庙，世俗社会都参与到,公众的交流中，将会怎么样？,大多数机构正在以这种方式,参与某种服务工作中？

普林斯顿公开课 - 人性课程节选

Governments establish regulators who set down rules for participants in financial markets and these rules may be perceived as onerous and costly to people in the financial community, but ultimately it's their salvation and it's what makes everything possible.

政府设立监管机构,监管机构为金融市场的参与者,制定法规条令,这些规则对金融界,有着极其严格的约束,但这些规则最终使得金融界运作良好,免遭灭顶之灾

耶鲁公开课 - 金融市场课程节选

But the FSLIC wasn't; it was sleeping at the switch, so it allowed banks in the United States -it was primarily Savings and Loans who did this -to make bad loans and they were playing this moral hazard game.

但是FSLIC没有如此,制度变换初期他们对一切放任不管,于是这让美国的银行...,主要指的是那些储蓄贷款机构...,发放不良贷款,他们开始参与这项充满道德风险的游戏

耶鲁公开课 - 金融市场课程节选