Cities go bankrupt and they just can't pay, so you as a buyer of these bonds feel reluctant to invest in them.

如果一市政府破产了,他们将无法支付,因此作为投资人,你可能不想购买它

耶鲁公开课 - 金融市场课程节选

Now, the problem is that if you invest in bonds from some state or local government, they might not pay you back; they can just go bankrupt.

现在的问题是如果你投资了,州或者地方政府发行的债券,他们可能无法支付,他们可能会破产

耶鲁公开课 - 金融市场课程节选

Even the citizens of our fellow democracies see us as morally bankrupt Question: How did things go so badly wrong?

即使我们民主联盟国家的公民,都觉得我们已经道德沦丧,问您一个问题，为什么事情会发展成这样？

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But you know, you kind of wonder if that's a good example for fire insurance because if the whole city burns down, then insurance companies would go bankrupt anyway, right?

但是你也许会疑惑,对于阐述火险来说,这是不是个好例子,因为如果整个城市被烧毁,那么保险公司就会破产,对吧

耶鲁公开课 - 金融市场课程节选

they're just going to go bankrupt when that happens.

但是他们依然会破产。

耶鲁公开课 - 金融市场课程节选

I'm just going to be paying back my debts and go bankrupt, so I'll take a big gamble and then at least I have a one in three chance of making money.

那样我就会因为要还债而破产,所以我要赌一把,至少有三分之一的机会能赢钱

耶鲁公开课 - 金融市场课程节选

In other words, if you had an account at a brokerage and you thought you had a hundred shares of IBM and now the broker is going bankrupt -the broker won't answer your email anymore and he's just gone you go to SIPC and say, I had these hundred shares.

换句话说,如果你在一家经纪公司,设有账户,其中有IBM的100股股份,现在经纪行破产了,经纪行不再回复你的邮件,消失了,你告诉证券投资者保护公司,我有100股IBM的股票

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