that bought those kinds of CMOs,

这些基金购买房贷担保债权
subprime mortgages, CDOs everything.

次级抵押贷款和担保债权凭证
So it seems I suffered greatly for the last two years of the mortgage crisis,

看起来在过去两年的次贷危机中
and it would just be foolish not to explain what was going on

当世界各地金融市场都在我们身边崩溃
and what it felt like to be in a mortgage hedge fund

如果不解释一下发生了什么
while the rest of the world was collapsing around us.

以及在对冲基金工作的感受将是愚蠢的
And for quite a while

很长一段时间里
it's given me some great embarrassment to have been part of it all.

身在其中让我感到非常尴尬
On the other hand, now I feel like one of those survivors.

另一方面我感觉自己是一个幸存者
Hundreds of our counter-parties and much bigger mortgage players went out of business

上百个我们的同行和更大的玩家都破产了
and we didn't,

而我们确没有
so I don't feel quite as bad about it as I did before.

我现在不像以前那样难过了