This thing collapsed in the 1980s and it cost the U.S. Government, through the FSLIC, about 150 billion dollars.

0世纪80年代,坏账集中爆发,美国政府经联邦储蓄贷款保险公司之手,花费了约1500亿美元才填补了坏账

耶鲁公开课 - 金融市场课程节选

Then, the value of the subprime loans that the municipal bond insurers own starts to go down.

接着,市政债券保险公司,持有的次级贷款价值开始下跌

耶鲁公开课 - 金融市场课程节选

They should have been watching, under Reagan, because if you let them pay high interest rates you better watch out that they don't make risky loans if you're insuring them.

在里根的执政下,他们本应该进行监管,因为如果你准许机构支付高利率,且对他们进行保险,你最好进行监管,防止他们发放高危贷款

耶鲁公开课 - 金融市场课程节选

For Savings and Loans, they had an organization called the FSLIC, which is now defunct because of this crisis -Federal Savings and Loan Insurance Corporation -it was insuring deposits of Savings and Loans.

针对储蓄贷款协会,他们成立了一个名为FSLIC的组织,由于次贷危机,该组织已经不复存在了,...全称是联邦储蓄贷款保险公司,它为储蓄贷款协会的存款进行保险

耶鲁公开课 - 金融市场课程节选