Esoteric securities backed by these mortgages were grossly mis-valued by the computer models of big Banks and credit rating agencies.
大银行的电脑模式和信用评级机构极其严重地误估了这些靠按揭支撑的非公开证券。
2
Loans, and simple debt securities that are similar to loans, would be valued at their cost, provided Banks can show they are being held for the long term-as most Banks will try to.