来自《耶鲁大学开放课程：金融市场 第25集 第25集》

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  Almost always, it will be at an interest rate
  而且通常借款利率会比
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  that is lower than the borrower could borrow at on the markets.
  借款人在市场上能借到的利率还低
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  And almost always, in the case of public or quasi-public activity,
  通常 就公共活动或私营公共活动来说
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  there will be a reasonable argument
  可以合理的论证
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  that the lender is better at collecting than the private sector would have been.
  放款者比私营机构更方便收款
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  So, the question of evaluating subsidy is difficult.
  所以 很难评估是否是补助行为
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  The position that I always took as Secretary of the Treasury,
  我作为财政部长以及在
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  with respect to the IMF, was,
  国际货币基金组织任职采取的态度是
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  look we've got a long experience
  看 我们有这么久的经验
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  and over time our loans have been paid back
  一直以来我们的放贷都在慢慢偿还中
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  and we've made money;
  而且我们在赚钱
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  so, you can't really think of this as bailout and subsidy.
  所以你不能将这单单看做一种紧急救助