Market-risk teams saw them as credit instruments, since the underlying assets were loans.
而市场风险小组认为它们是信用工具，因为这些产品的基础资产是贷款。
2
Around the same time, America created the Resolution Trust Corporation to sell off the loans and underlying collateral of hundreds of failed savings Banks, or thrifts.
与此同时，美国创立了RTC来卖掉数以百计的破产储蓄银行或储蓄机构所遗留下来的借贷款及其抵押品。
3
To investors stocks represent fractional ownership of underlying businesses and bonds are loans to those businesses.