People knew that a lot of bad loans were being made or loans were being made to people who shouldn't be getting them.

人们知道现在银行有很多坏账产生,或者有很多多贷款再贷的时候就根本不需要人们来还它。

耶鲁公开课 - 金融市场课程节选

Liquidity is that banks lend long and borrow short -short-term, I mean.

流动性是指银行贷长借短,短是指短期

耶鲁公开课 - 金融市场课程节选

In response to the subprime crisis that we are now in, our central bank, the Federal Reserve, has been cutting interest rates aggressively to try to save the economy that appears to be declining.

为了积极应对,目前的次贷危机,我们的中央银行,也就是美联储,已经调低利率,来积极地拯救正在衰退的经济

耶鲁公开课 - 金融市场课程节选