来自《耶鲁大学开放课程：金融市场 第8集 第8集》

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  in the United States that makes it rather a simple story.
  我们长话短说
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  The simple story is that regulation mostly came in with
  简而言之 金融监管是随着
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  the Progressive Era at the beginning of the century
  上世纪初的进步时代而发展起来的
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  and reached its culmination at the time of the Great Depression
  在大萧条时期达到了顶峰
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  and set up a lot of institutions that are still with us today.
  当时建立的很多机构至今仍在运作
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  Then there was deregulation, which started around the 1970s,
  到了70年代 金融的去监管化开始兴起
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  and the events we've seen--that we're seeing today
  我们如今所见证的诸多事件
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  --are outcomes of both the regulation and the deregulation.
  是监管与去监管共同作用的结果
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  I want to start out with the origins of securities regulation.
  我先从证券监管的起源讲起
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  A critical point was a book written by Louis Brandeis,
  这就不得不提路易斯·布兰代斯的一部著作
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  that's the guy that Brandeis University is named after.
  布兰代斯大学正是以他命名的
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  He was an author, a lawyer, then Supreme Court Justice,
  他是一位作家 一位律师 也当过大法官