Marginal home loans were packaged into supposedly safe securities.

边际家庭贷款被包装成自以为安全的证券。

youdao

Indeed the thirst in emerging markets for such safe and liquid securities is one of the deeper causes of the series of crises that has afflicted the rich world.

确实，在新兴市场上对这种安全并且流通性好的证券的渴望是折磨着富裕国家的一系列危机的一个深层原因之一。

youdao

As the year went on, more Banks found that securities they thought were safe were tainted with what came to be called toxic mortgages.

一段时间后，越来越多的银行发现自己原来认为是安全的证券都被“污染”了，它们之后被称为有毒资产。

youdao

This appetite for safe securities encouraged Western banks to create synthetic, AAA assets that later turned toxic, with ruinous results.

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And fund managers should reinvest the collateral only in absolutely safe securities.

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It could be a very heavily regulated private insurer (or consortium of insurers) whose assets were invested in safe securities and dedicated to resolving quickly any financial problems.

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