It does create moral hazard problems-- that's a problem with it, but that's something that we're learning about.

这会引发道德风险问题-,这是弊端所在，但这也正是我们要学习研究的。

耶鲁公开课 - 金融市场课程节选

The socialist idea started to lead to a number of experiments in various countries around the world that were pooling risks-- they might not have put it this way.

这种社会主义设想,引发了全世界很多国家,在风险管理上的改制与试行-,他们可能没用“社会主义“这一叫法。

耶鲁公开课 - 金融市场课程节选

So, leverage brings risk.

所以杠杆性引发风险

耶鲁公开课 - 金融市场课程节选