and a change in the way the developers thought about

而开发商也改变了
how they would build buildings,

他们建造大楼的方式
and all of it came to a grinding horrible end

但所有这些都戛然而止了
as a result of The Great Depression.

在大萧条时期
Did that market cause the crash

是市场导致了危机
or was it--did the fallout from the crash destroy that market?

还是危机摧毁了市场
That's the question we're asking ourselves today, right?

这是这时期我们金融学家考虑的问题
We're saying: Well, subprime obviously

我们认为次级债显然是
caused the big problem that we're in and so the foolish bankers,

最近危机的罪魁祸首愚蠢的银行家
idiots that wanted to own their own home

和那些为了购买住宅
and were willing to borrow to the hilt,

尽自己所能借钱的白痴
this horrible evil brew of people that couldn't plan ahead and bankers

罪孽让没有先见之明的人和银行业者