评选委员会称这个奖是为了奖励实现“以前貌似不可能的想法”，也就是给那些没有抵押担保人贷款。

The selection committee said the prize was for developing what "had appeared to be an impossible idea", namely loans to people who lack collateral.

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住宅所有权的激增，从1994年的64%急剧上涨至2005年的接近70%，只不过证明了依赖于次级抵押贷款是不可持续的。

The surge in home ownership, which rose dramatically to nearly 70% in 2005 from 64% in 1994, has proved just as unsustainable as the reliance on subprime mortgages.

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美国的抵押物在很多州是不可以追索赔偿的，就使贷方很难追踪违约的借款人，但在加拿大的很多地方不是这样。

American mortgages are non-recourse in many states, making it harder for lenders to pursue defaulting borrowers; not in most of Canada.

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