Once they freed up interest rates, interest rates on deposits started soaring and banks started taking greater risks, particularly Savings and Loans.

一旦他们被放任去抬高利率,储蓄利率将会飞速攀升,而银行就会承载着更大风险,尤其对于储蓄贷款协会

耶鲁公开课 - 金融市场课程节选

Northern Rock was a British building society that was investing in subprime paper in the U.S.

北岩银行是英国的一家建房互助协会,它曾在美国投资次级债券

耶鲁公开课 - 金融市场课程节选

In 2007, third quarter, they were $1.868 trillion -that's almost 2 trillion dollars, so they're much smaller -savings banks and savings and loans--than the commercial banks.

007年第三季度,它们的总资产合计1.868万亿美元,接近2万亿美元,所以它们要小得多,储蓄银行和储贷协会要比商业银行小得多

耶鲁公开课 - 金融市场课程节选