It's something like what we had in the '30s, although they have other institutions that protect homebuyers, so they don't see the turmoil that we saw in the 1930s.

就像我们上世纪30年代的一样,但是他们有另外的机构来保护购房者,因此他们没有经历我们在30年代的动荡

耶鲁公开课 - 金融市场课程节选