这清楚地展示了衍生品与合成证券，如何被用来无中生有地创造虚有价值。
This is a clear demonstration of how derivatives and synthetic securities have been used to create imaginary value out of thin air.
它涉及一种复杂的合成证券，源自于将现有的抵押贷款证券“克隆”成模仿原型的虚构单位。
It involved a complex synthetic security derived from existing mortgage-backed securities by cloning them into imaginary units that mimicked the originals.
要求衍生品与合成证券进行登记简单而有效，但目前正在考虑的法案并没有纳入任何这类要求。
Requiring derivatives and synthetic securities to be registered would be simple and effective; yet the legislation currently under consideration contains no such requirement.
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