Then there was deregulation, which started around the 1970s, and the events we've seen--that we're seeing today -are outcomes of both the regulation and the deregulation.

到了70年代,金融的去监管化开始兴起,我们如今所见证的诸多事件,是监管与去监管共同作用的结果

耶鲁公开课 - 金融市场课程节选

This is something that's very important in the United States because, as I mentioned, insurance regulation is divided up over the fifty states and the problem that that creates is-- it's a nightmare for insurance companies because every different state has different laws.

在美国,这个协会是非常重要的,因为,就像我所提及的,保险监管被分散到了五十个州,这对任何一个保险公司而言,都是一个噩梦,因为各州法律各有不同

耶鲁公开课 - 金融市场课程节选