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
Now, thank you, sit down.

好了谢谢请坐
What I am guessing, your report here says;

我想你的报告的意思
give me some rope here,

让我顺一下思路