is that it takes us, the firm, about a month

公司往往要花一个月的时间
to layer these products correctly.

来正确地为这些产品进行风险评级
thereby posing a challenge from a risk assessment standpoint.

这样的话风险评估方面就面临一个挑战
And Mr. Sullivan that challenge is?

什么挑战呢苏利文先生
We have to hold these assets

我们持有这些资产的时间
on our books longer than we might ideally like to.

比预期的还要长
Yes.

是的
But the key factor here is, these are essentially just mortgages,

但问题的关键是这些标的资产大都是抵押贷款
that has allowed us to push the leverage considerably

与其他情况相比财务杠杆很容易被推高
beyond what you might be willing or allowed to do;

甚至超出我们的意愿或交易限制
in any other circumstance, thereby

这就使得
pushing the risk profile without raising any red flags.

风险预警机制失效