来自《耶鲁大学开放课程：金融市场 第8集 第8集》

• 
  
  and the average person made hundreds of phone calls a year,
  每人每年平均要打几百个电话
• 
  
  so it was a big change in our society,
  这对我们的社会来说是翻天覆地的变化
• 
  
  This led to the boiler rooms
  这导致了锅炉房[电话交易所]的出现
• 
  
  --these were businesses that called around on the telephone
  这是指上世纪20年代通过电话进行
• 
  
  and sold stocks--often bogus stocks--in the 1920s.
  证券...通常是不合规证券销售的场所
• 
  
  The reason they call them boiler rooms is,
  它之所以被叫做锅炉房是因为
• 
  
  if you are selling stocks by telephone
  如果通过电话进行买卖交易
• 
  
  there's no reason to rent a nice office,
  你没有必要去租一间漂亮的办公室
• 
  
  so you get the cheapest
  于是你租了最便宜的出租房
• 
  
  --so you put a whole bank of telephones in the cheapest place.
  然后在那儿放满电话
• 
  
  That would be the basement
  这间地下室旁
• 
  
  of some building where they have the boiler.
  装有锅炉