来自《耶鲁大学开放课程：资本主义：成功、危机与改革 第10集 第10集》

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  A subprime loan doesn't mean that the house is bad;
  次级债并不意味着房屋有多烂
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  it just means a borrower is bad.
  而仅指借款人不好
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  It's a subprime borrower, not a subprime house.
  是次级借款人而非次级房屋
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  So you say, "Look, what's the worst that could happen?
  因此你说"能发生的最坏的事情是什么"
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  My borrower can't--we get into some trouble,
  我们遇到麻烦啦
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  my borrower can't make the payments on the house,
  借钱的家伙还不起月供了
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  then the bank has to repossess the house,
  于是银行不得不收回房屋
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  but if the house price isn't going to move much,
  但如果房价没有过大的波动
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  then what the heck, we'll just turn around and sell the house
  那又怎样 我们可以转手卖掉房屋
• 
  
  so we've got good collateral.
  我们得到了一个不错的抵押物
• 
  
  We all know what happened.
  我们都知道发生了什么
• 
  
  That model turned out--that econometric model turned out to
  模型成为了 计量经济学模型成了