Sachsen LB and IKB was a bailout of twenty-six billion Euros and that's a huge scandal in Europe, which is still unfolding, and it derives from the U.S. Subprime crisis.

救助这两家银行一共花费了260亿欧元,这可是欧洲的一次超级丑闻,至今仍未平息,而且它源自美国次贷危机

耶鲁公开课 - 金融市场课程节选

It kind of was a wake up call in Germany because they were watching with amusement the subprime crisis in the United States and here it was causing losses to the German Government.

这次危机震醒了德国,当初德国还把,美国次贷危机当笑话看,德国政府付出了沉重的代价

耶鲁公开课 - 金融市场课程节选