Mortgage backed-securities are created when large financial institutions securitize mortgages.

抵押贷款支持证券是大型金融抵押贷款证券化时产生的。

We weren't able to insulate ourselves from that area by hiding into securitized.

我们无法通过躲入证券化隔离自己不受那片区域的影响。

Instead, they'd been securitized, sold in bits and pieces to various investors around the world.

相反，它们被证券化，零零碎碎地出售给世界各地的各种投资者。

And then within the securitized area of the market, spreads were already a little bit wider.

在市场的证券化领域内，利差原本就略宽松。

These so-called high-risk financial products were things like equipment loans, business lending facilities, and securitized investment lending.

些所谓的高风险金融产品包括设备贷款、商业信贷工具和证券化投资贷款。

Hold on, the bankers on Wall Street got to financialize and securitize all sorts of new products, okay?

等等， 华尔街的银行家们得以金融化和证券化各种新产品，好吗？

However, from the perspective of securitized products, it's not necessarily something that has us moving all the way towards cautious just yet.

然而， 从证券化产品的角度，尚不足以让我们完全转向谨慎态度。

JPMorgan's assets dwarfed those of Bear Stearns and Lehman Brothers, but it was those smaller firms' highly leveraged bets on securitized subprime mortgages that had set off a panic.

摩根大通的资产使贝尔斯登（Bear Stearns）和雷曼兄弟（Lehman Brothers）相形见绌，但正是些小公司对证券化次级抵押贷款的高杠杆押注引发了恐慌。

And despite telling you this — " It is outrageous for residents to be saddled with skyrocketing power bills." — your governor signed legislation securitizing billions in utility company debt.

尽管告诉了你一点——“让居民背负着飞涨的电费是令人发指的。” - 你的州长签署了数十亿公用事业公司债务证券化的立法。