The latest thing–well, now this is a crisis--

最后一件事现在危机降临
a municipal bond crisis which is unfolding.

市政债券危机显现
The New York state regulators have been trying to get companies

纽约州的监管者试图请一些公司
to subscribe more capital to the monoline insurance companies

向单线保险公司支援更多资金
to bolster their capital so that they have more money to pay out;

以便他们能应付保险赔付要求
that will prevent any more lowering of their ratings.

那样可以阻止进一步的降级
The other thing that's happened now is that Warren Buffett said

还有一件事沃伦·巴菲特说
he wants to get into the municipal bond insuring business.

他希望介入市政债券保险这一领域
Well, he's just a business person coming in.

好吧他只是以商人的名义介入的
So, there will be new municipal bond insurers appearing

新的市政债券保险公司将会出现
that will take up slack and we'll be all right

那样我们暂时可以松口气
but the problem is that we may have a crisis for a while.

但是问题是次贷危机将会延续相当长的时间