Now, if that happens these homes are the collateral to the banks for all these mortgages and we're going to have -and probably do have already--a recession.

如果那种情况发生了的话,这些房子是银行对房屋抵押贷款的唯一担保品,那我们将会面临,-很可能现在正在面临着--经济衰退。

耶鲁公开课 - 金融市场课程节选

We did have a large,short position in subprime mortgage-backed securities, which has paid off enormously for the University and really helped protect assets in the past nine months or a year.

我们确实曾持有很多,次级抵押担保证券的空头,它们为耶鲁赚了不少钱,并且在过去的9个月或1年间,为资产保值发挥了实在的作用

耶鲁公开课 - 金融市场课程节选

The FHA is specifically aimed at guaranteeing mortgages for low-income people and it was a vision that Roosevelt had to bring more and more people into owning homes in this country.

联邦住宅管理局专门,为低收入者提供抵押贷款担保,这是罗斯福的一个构想,他希望这个国家能有更多的人,能够住进自己的房子

耶鲁公开课 - 金融市场课程节选

Of course, banks would be reluctant to do it by themselves, but the government's coming with a checkbook to write the money, so they can make the mortgage, and guarantees it.

当然,银行不愿亲自操刀,但是政府带着大量拨款来了,由他们发放抵押贷款,并给予担保

耶鲁公开课 - 金融市场课程节选