"It is clear that an effective mortgageasset purchase program would require a massive commitment of TARP [Troubled asset Relief program] funds," he said.
他说：“显然，要想让按揭资产购买项目发挥作用，就必须向不良资产救助项目中投入大量资金。”
2
Some asset classes (particularly illiquid ones) can be subject to a “rowing boat” effect. Mortgage-backed securities were a classic example.
有些资产类别符合“游艇效应”，按揭债券就是个典型的例子。
3
Macroeconomic Advisers, a consultancy, estimates that American mortgage rates are a percentage point lower relative to Treasuries as a result of the Fed's asset purchases.