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

He said slaves were not slaves they were warranties.

他说奴隶并非奴隶而是担保品

耶鲁公开课 - 美国内战与重建课程节选