What these do is they insure the bond-- they insure the investor against the municipality failing to pay on the bond.

他们的业务是为市政债券保险,他们确保政府当局,有能力向投资者进行赔付

耶鲁公开课 - 金融市场课程节选

Then, the value of the subprime loans that the municipal bond insurers own starts to go down.

接着,市政债券保险公司,持有的次级贷款价值开始下跌

耶鲁公开课 - 金融市场课程节选

The town hall was in very modest proportions because it's Calvinist.

与之相比,市政厅的布局则非常简陋,因为这属于加尔文主义教派

耶鲁公开课 - 欧洲文明课程节选

The Hotel de Ville, which was destroyed.

这是已经被毁的市政厅

耶鲁公开课 - 1871年后的法国课程节选

We refer to the bonds that they issue as municipal bonds.

地方政府发行的债券称为市政债券

耶鲁公开课 - 金融市场课程节选

Lot's of investors won't buy a municipal bond unless it's insured.

如果市政债券没有投保,很多投资者是不会去购买的

耶鲁公开课 - 金融市场课程节选

Interestingly enough, ten years ago somebody found photos taken by this Parisian of the siege in the Commune in the back of the Hotel de Ville; they were found ten years ago, they had survived.

令人颇感惊奇的是,在十年前,有人发现了由巴黎人所拍的,公社在市政厅后被围的一些相片,它们于十年前被发现,居然得以留存完好

耶鲁公开课 - 1871年后的法国课程节选

I just saw an exposition of them of photos that had never been seen before; but, anyway, this is the Hotel de Ville which is down by Notre Dame, Don't worry about these places.

在一月我看了一个,都是些从未展出过的照片,言归正传,这就是市政厅,南边毗邻巴黎圣母院,不用操心这些地名

耶鲁公开课 - 1871年后的法国课程节选

Goncourt, one of the writers, the Goncourts, the one who hadn't died yet, was no friend of ordinary people, but there's an amazing scene in his memoirs when he's down by the Hotel de Ville and he sees these women chained together, being walked around, and he says, "What, where are they going?"

龚古尔,龚古尔两兄弟都是作家,当时还活着的那一个,和平头百姓从来合不来,但在他的回忆录里有这样惊人的一幕,他路过市政厅的时候,看见一些被锁链串成一列的妇女们,正在被游街,他就问,"怎么,她们这是要去哪"

耶鲁公开课 - 1871年后的法国课程节选