They would say, no way are we going to do that; our rule says we can't lend on a LTV of higher than 60%.
他们会说,我们不会这样做,我们规定贷款价值比不能超过60%
even if you haven't gone to law school. And it's the only state that does this.
即使你没有上过法学院也都行。但只有加利福尼亚州有这样的规定。
By the 1970s, these rules were rarely enforced and easily violated, or so I was told.
到了七十年代,这种规定已经名存实亡了,至少我听说是这样。
So let me just define that.
我就这样规定了。
This is the concept that is in the law and the reason we have it in the law is that it works to produce prosperity and to produce the things we need, like clothes, medical service, homes, whatever.
这是法律规定的概念,之所以在法律中有这样的规定,是因为这是繁荣的温床,才能生产出我们需要的东西,像衣服,医疗服务,家用等等
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