The wizards who created these instruments, the ratings agencies that assessed them and the big, prestigious institutions that purchased them all failed to grasp the risk they entailed.

那些制造这些政策的天才让评估机构对他们进行评估，然后用一些大型的，有声望的机构收购他们，却忽视了他们为此应承担的风险。

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In all these procedures, sterile needles and instruments are used.

在这些过程中，使用的针头和医疗器械都是消过毒的。

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Trading in all of these instruments is admittedly very illiquid, but the implication is hard to ignore.

出售这些公认的非流动性股票，但是其暗含的意思不能忽视。

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Banks respond to these pressures by coming up with all kinds of creative instruments, re giving permissions to take..

银行迫于压力,开发了,多重创新金融产品，政府允许他们，they’

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But what happened was -- is that when the housing market started going down, then all these financial instruments that were built on a steady stream of payments for mortgages, they all went bust, and that helped to trigger the entire crisis.

WHITEHOUSE: Discussing the Economy in Albuquerque

Perhaps the biggest question of all concerns the complexity of these instruments.

ECONOMIST: Goldman Sachs gets burned by, er, Goldman Sachs

While the three main reasons presented above are all pros to using convertible notes in consumer, there are definite downsides to these instruments.

FORBES: When Convertible Notes Make Sense For Consumer Companies