That became impossible as the subprime mania grew.

可是随着次级贷的热狂逐步升温，这一切预想都化为泡影。

When housing prices declined, it sparked a crisis in subprime loans.

当房价下跌时，它引发了次贷危机。

By the way, these risky mortgages are called subprime.

对了 这些高风险房贷叫次级贷款。

Securitisation caused the subprime debacle, but is today an importa nt tool for laying off risk.

证券化导致了次贷危机，但如今是消除风险的重要工具。

By 2006, half of all the loans called subprime were also liar's loans.

截至2006年，半数被称为次贷的借款，同时也是欺骗性借贷。

I'm not going to remind you what happened with subprime mortgages, but it's the same thing.

我不会再提醒你们次级抵押贷款导致了什么，但是道理是相通的。

Wells Fargo will pay 2.1 billion dollars in fines for its role in the subprime mortgage meltdown a decade ago.

富国银行将支付21亿美金罚款，富国银行在十年前的次贷危机上起了作用。

Structurally, those securities are the same thing as subprime mortgages.

从结构上讲， 这些证券与次级抵押贷款是一回事。

The majority of subprime mortgages went to people who had good credit, like Glenn.

大多数次级抵押贷款都流向了像格伦这样信用良好的人。

You want me to do pole dancing while explaining subprime mortgages?

你是要我边跳钢管舞 边解释次级抵押贷款吗？

You're a subprime housing loan that's a few months from causing a global economic collapse.

你是次级住房贷款，几个月后就会导致全球经济崩溃。

And so that's a big economic risk to the global economy, like the subprime mortgage crisis.

因此， 这对全球经济来说是一个巨大的经济风险，例如次贷危机。

Attorney General Eric Holder says Citigroup will pay roughly 7 billion dollars to settle a federal probe into its risky subprime mortgages.

首席检察官称花旗集团将赔付7亿美元以结束联邦政府对其风险次贷的调查。

Then, almost a decade later, the world faced a far greater challenge, the subprime crisis triggered a near total financial collapse.

然后，将近十年后，世界面临着更大的挑战，次贷危机引发了近乎全面的金融崩溃。

During the 2008 financial crisis, risky or subprime mortgages were often grouped together and sold to investors as a mortgage-backed security.

2008 年金融危机期间，高风险抵押贷款或次级抵押贷款经常被组合在一起，作为抵押贷款支持证券出售给投资者。

Stan O'Neal, Merrill's head, had no idea that his firm had accumulated fatal levels of subprime exposure because he had pushed aside the people who might have warned him.

美林证券的头儿斯坦奥尼尔（Stan O'Neal）把本可能规劝警告他的人都打入冷宫，因此根本没有意识到公司已经累积了致命数额的次级贷。

You see, all this pain can be traced back to banks and more specifically, the risky behaviors that triggered the subprime mortgage and global financial crisis.

你看，所有这些痛苦都可以追溯到银行， 更具体地说，是引发次级抵押贷款和全球金融危机的风险行为。

The leverage ratio, which limits the value of assets banks can hold relative to their capital, does not care whether the asset is super-safe Treasuries or subprime mortgage debt.

银行相对于其资本可以持有的资产价值受杠杆率限制，而它并不关心资产是超级安全的国债还是次级抵押贷款债务。

I mean, back then, millions of people had these subprime mortgages that were just - had these crazy terms where the payments went so high, no one could afford them.

那时候，数以百万计的人背负次级房屋抵押贷款--这些次贷的条款很疯狂，还贷数额非常高昂，没有人能负担得起。